Numis Securities restated their hold rating on shares of Intertek Group (LON:ITRK) in a research note published on Thursday morning, ThisIsMoney.Co.Uk reports.
ITRK has been the topic of several other research reports. Goldman Sachs Group upped their price objective on shares of Intertek Group from GBX 5,330 ($69.65) to GBX 5,600 ($73.17) and gave the stock a neutral rating in a report on Monday, January 21st. Berenberg Bank downgraded shares of Intertek Group to a hold rating and lowered their price objective for the stock from GBX 5,500 ($71.87) to GBX 4,800 ($62.72) in a report on Thursday, February 21st. Shore Capital restated a hold rating on shares of Intertek Group in a report on Tuesday, March 5th. Kepler Capital Markets downgraded shares of Intertek Group to a hold rating and upped their price objective for the stock from GBX 5,045 ($65.92) to GBX 5,150 ($67.29) in a report on Friday, February 22nd. Finally, UBS Group restated a neutral rating on shares of Intertek Group in a report on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Intertek Group has a consensus rating of Hold and a consensus target price of GBX 5,038.89 ($65.84).
ITRK opened at GBX 5,086 ($66.46) on Thursday. The company has a debt-to-equity ratio of 108.46, a quick ratio of 1.18 and a current ratio of 1.25. Intertek Group has a 1-year low of GBX 4,323 ($56.49) and a 1-year high of GBX 6,084 ($79.50). The firm has a market cap of $8.19 billion and a price-to-earnings ratio of 29.11.
The company also recently announced a dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Thursday, May 16th will be paid a GBX 67.20 ($0.88) dividend. This is a positive change from Intertek Group’s previous dividend of $31.90. The ex-dividend date is Thursday, May 16th. This represents a dividend yield of 1.37%. Intertek Group’s dividend payout ratio is presently 0.57%.
In related news, insider Lena Wilson sold 393 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of GBX 5,038 ($65.83), for a total transaction of £19,799.34 ($25,871.34). Also, insider Andre Lacroix sold 43,345 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of GBX 4,765 ($62.26), for a total transaction of £2,065,389.25 ($2,698,796.88).
About Intertek Group
Intertek Group plc provides quality and safety solutions to various industries worldwide. It operates in three segments: Products, Trade, and Resources. The Products segment offers assurance, testing, inspection, and certification services (ATIC), including laboratory safety, quality and performance testing, second-party supplier auditing, sustainability analysis, products assurance, vendor compliance, process performance analysis, facility plant and equipment verification, and third party certification.
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