Intertek Group (LON:ITRK) Sets New 52-Week High at $6,478.00

Intertek Group plc (LON:ITRK)’s share price reached a new 52-week high on Monday . The stock traded as high as GBX 6,478 ($84.65) and last traded at GBX 6,292 ($82.22), with a volume of 254727 shares. The stock had previously closed at GBX 6,418 ($83.86).

A number of research analysts recently commented on the stock. UBS Group reiterated a “neutral” rating on shares of Intertek Group in a research note on Monday, August 3rd. Shore Capital reiterated a “sell” rating on shares of Intertek Group in a research note on Friday, July 31st. Credit Suisse Group increased their target price on shares of Intertek Group from GBX 4,400 ($57.49) to GBX 5,000 ($65.33) and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Citigroup restated a “neutral” rating on shares of Intertek Group in a research report on Wednesday, June 24th. Finally, Barclays decreased their target price on shares of Intertek Group from GBX 5,500 ($71.87) to GBX 5,000 ($65.33) and set an “underweight” rating on the stock in a research report on Monday, May 25th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Intertek Group presently has an average rating of “Hold” and an average price target of GBX 5,029.09 ($65.71).

The firm has a 50 day simple moving average of GBX 5,923 and a 200-day simple moving average of GBX 5,277.70. The company has a market cap of $10.15 billion and a PE ratio of 38.58. The company has a quick ratio of 1.13, a current ratio of 1.15 and a debt-to-equity ratio of 108.88.

The firm also recently declared a dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will be paid a dividend of GBX 34.20 ($0.45) per share. This represents a dividend yield of 0.64%. The ex-dividend date of this dividend is Thursday, September 17th. Intertek Group’s payout ratio is currently 64.99%.

Intertek Group Company Profile (LON:ITRK)

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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