Intertek Group (LON:ITRK) Stock Passes Above 200 Day Moving Average – What’s Next?

Intertek Group plc (LON:ITRK)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 4,914.95 ($63.28) and traded as high as GBX 4,998 ($64.35). Intertek Group shares last traded at GBX 4,958 ($63.83), with a volume of 51,328,465 shares traded.

Analysts Set New Price Targets

Several analysts have recently commented on the company. JPMorgan Chase & Co. raised their target price on Intertek Group from GBX 5,400 ($69.52) to GBX 5,500 ($70.81) and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Berenberg Bank lifted their target price on Intertek Group from GBX 5,800 ($74.67) to GBX 6,000 ($77.25) and gave the company a “buy” rating in a research note on Wednesday, March 5th. Finally, Shore Capital reissued a “sell” rating on shares of Intertek Group in a research report on Tuesday, March 11th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 5,675 ($73.07).

Intertek Group Stock Down 0.4 %

The company has a quick ratio of 1.19, a current ratio of 1.27 and a debt-to-equity ratio of 103.83. The business has a 50-day simple moving average of GBX 5,091.45 and a 200-day simple moving average of GBX 4,914.95. The stock has a market cap of £7.96 billion, a P/E ratio of 25.84, a PEG ratio of 1.99 and a beta of 0.63.

Intertek Group (LON:ITRK) last issued its quarterly earnings results on Tuesday, March 4th. The company reported GBX 242.60 ($3.12) earnings per share (EPS) for the quarter. Intertek Group had a return on equity of 23.46% and a net margin of 9.19%. Analysts expect that Intertek Group plc will post 263.7305699 EPS for the current year.

Intertek Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be given a GBX 102.60 ($1.32) dividend. This represents a yield of 2.11%. This is a positive change from Intertek Group’s previous dividend of $53.90. The ex-dividend date of this dividend is Thursday, May 29th. Intertek Group’s dividend payout ratio (DPR) is currently 66.71%.

Insiders Place Their Bets

In other news, insider Andre Lacroix sold 39,498 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of GBX 4,994 ($64.30), for a total value of £1,972,530.12 ($2,539,629.35). Also, insider Steven L. Mogford bought 121 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of GBX 4,892 ($62.98) per share, with a total value of £5,919.32 ($7,621.11). Corporate insiders own 0.45% of the company’s stock.

About Intertek Group

Intertek is a leading Total Quality Assurance provider to industries worldwide.

Our network of more than 1,000 laboratories and offices in more than 100 countries, delivers innovative and bespoke Assurance, Testing, Inspection and Certification solutions for our customers’ operations and supply chains.

Intertek is a purpose-led company to Bring Quality, Safety and Sustainability to Life.