Intertek Group (LON:ITRK) Sets New 52-Week High at $5,155.00

Intertek Group plc (LON:ITRK)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 5,155 ($69.03) and last traded at GBX 5,155 ($69.03), with a volume of 714868 shares. The stock had previously closed at GBX 5,130 ($68.69).

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ITRK shares. Royal Bank of Canada restated an “outperform” rating and issued a GBX 5,200 ($69.63) target price on shares of Intertek Group in a research note on Thursday, August 15th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 5,500 ($73.65) target price on shares of Intertek Group in a report on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Intertek Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 5,351 ($71.65).

Intertek Group Stock Up 0.2 %

The company has a debt-to-equity ratio of 100.41, a quick ratio of 1.19 and a current ratio of 1.27. The business’s 50 day moving average is GBX 4,857.11 and its 200-day moving average is GBX 4,871.54. The stock has a market cap of £8.28 billion, a price-to-earnings ratio of 2,700.00, a PEG 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. Investors of record on Thursday, September 12th will be given a dividend of GBX 53.90 ($0.72) per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a dividend yield of 1.09%. Intertek Group’s dividend payout ratio (DPR) is presently 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.