Intertek Group (LON:ITRK) Reaches New 1-Year Low – What’s Next?

Intertek Group plc (LON:ITRK)’s stock price reached a new 52-week low on Wednesday . The company traded as low as GBX 48.72 ($0.63) and last traded at GBX 4,852 ($63.08), with a volume of 2645912 shares. The stock had previously closed at GBX 4,866 ($63.26).

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Intertek Group from GBX 5,400 ($70.20) to GBX 5,500 ($71.50) and gave the stock an “overweight” rating in a report on Thursday, December 5th. Shore Capital reaffirmed a “sell” rating on shares of Intertek Group in a research report on Tuesday, March 11th. Finally, Berenberg Bank lifted their price objective on shares of Intertek Group from GBX 5,800 ($75.40) to GBX 6,000 ($78.00) and gave the company a “buy” rating in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Intertek Group has an average rating of “Moderate Buy” and a consensus target price of GBX 5,675 ($73.78).

Intertek Group Price Performance

The company has a market cap of £7.85 billion, a PE ratio of 25.48, a price-to-earnings-growth ratio of 1.99 and a beta of 0.63. 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 firm has a 50 day simple moving average of GBX 5,074.33 and a 200-day simple moving average of GBX 4,909.29.

Intertek Group (LON:ITRK) last issued its quarterly earnings data on Tuesday, March 4th. The company reported GBX 242.60 ($3.15) earnings per share (EPS) for the quarter. Intertek Group had a net margin of 9.19% and a return on equity of 23.46%. As a group, research analysts predict that Intertek Group plc will post 263.7305699 earnings per share for the current fiscal year.

Intertek Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be given a dividend of GBX 102.60 ($1.33) per share. The ex-dividend date is Thursday, May 29th. This is an increase from Intertek Group’s previous dividend of $53.90. This represents a dividend yield of 2.11%. Intertek Group’s dividend payout ratio is presently 66.71%.

Insider Transactions at Intertek Group

In other news, insider Andre Lacroix sold 39,498 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of GBX 4,994 ($64.92), for a total value of £1,972,530.12 ($2,564,391.73). Also, insider Steven L. Mogford bought 121 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average cost of GBX 4,892 ($63.60) per share, for a total transaction of £5,919.32 ($7,695.42). Insiders own 0.45% of the company’s stock.

Intertek Group Company Profile

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.