Intertek Group (LON:ITRK) Stock Crosses Above 200-Day Moving Average of $4,864.11

Intertek Group plc (LON:ITRK)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 4,864.11 ($64.26) and traded as high as GBX 5,105 ($67.44). Intertek Group shares last traded at GBX 5,040 ($66.58), with a volume of 264,918 shares.

Analyst Upgrades and Downgrades

ITRK has been the topic of several research reports. Royal Bank of Canada restated an “outperform” rating and set a GBX 5,200 ($68.69) price objective on shares of Intertek Group in a report on Thursday, August 15th. Berenberg Bank restated a “buy” rating and set a GBX 5,500 ($72.66) price target on shares of Intertek Group in a research note on Wednesday, July 17th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Intertek Group has an average rating of “Moderate Buy” and an average target price of GBX 5,351 ($70.69).

Intertek Group Stock Down 0.1 %

The business’s 50 day moving average is GBX 4,841.45 and its 200 day moving average is GBX 4,864.11. The company has a quick ratio of 1.19, a current ratio of 1.27 and a debt-to-equity ratio of 100.41. The company has a market cap of £8.12 billion, a P/E ratio of 2,652.63, a P/E/G ratio of 1.98 and a beta of 0.63.

Intertek Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Thursday, September 12th will be given a GBX 53.90 ($0.71) dividend. This represents a dividend yield of 1.09%. The ex-dividend date is Thursday, September 12th. Intertek Group’s payout ratio is 6,736.84%.

Intertek Group Company Profile

Intertek Group plc engages in the provision of quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, and internationally. The company operates in five segments: Consumer Products, Corporate Assurance, Health and Safety, Industry and Infrastructure, and World of Energy.