Intertek Group (LON:ITRK) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Intertek Group plc (LON:ITRK) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 4,882.65 ($63.90) and traded as high as GBX 5,115 ($66.94). Intertek Group shares last traded at GBX 5,025 ($65.76), with a volume of 339,523 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ITRK. Royal Bank of Canada reissued an “outperform” rating and set a GBX 5,200 ($68.05) target price on shares of Intertek Group in a report on Thursday, August 15th. Berenberg Bank reiterated a “buy” rating and set a GBX 5,500 ($71.98) price objective on shares of Intertek Group in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 5,425 ($71.00).

Intertek Group Stock Down 2.1 %

The firm has a 50 day moving average of GBX 4,925.58 and a two-hundred day moving average of GBX 4,882.65. 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 firm has a market capitalization of £8.10 billion, a price-to-earnings ratio of 2,644.74, a price-to-earnings-growth ratio of 1.99 and a beta of 0.63.

Intertek Group Cuts Dividend

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

About Intertek Group

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.