Intertek Group (LON:ITRK) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Intertek Group plc (LON:ITRK) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 4,916.34 ($63.42) and traded as high as GBX 4,944 ($63.78). Intertek Group shares last traded at GBX 4,810.74 ($62.06), with a volume of 771,987 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Shore Capital reaffirmed a “sell” rating on shares of Intertek Group in a report on Tuesday, March 11th. Berenberg Bank raised their price objective on Intertek Group from GBX 5,800 ($74.82) to GBX 6,000 ($77.40) and gave the company a “buy” rating in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 5,675 ($73.21).

Intertek Group Stock Performance

The firm has a market cap of £7.45 billion, a PE ratio of 24.18, a price-to-earnings-growth ratio of 1.99 and a beta of 0.63. The business has a 50 day simple moving average of GBX 5,083.49 and a two-hundred day simple moving average of GBX 4,914.41. The company has a quick ratio of 1.19, a current ratio of 1.27 and a debt-to-equity ratio of 103.83.

Intertek Group (LON:ITRK) last posted its quarterly earnings results on Tuesday, March 4th. The company reported GBX 242.60 ($3.13) EPS for the quarter. Intertek Group had a net margin of 9.19% and a return on equity of 23.46%. As a group, equities research analysts forecast that Intertek Group plc will post 263.7305699 earnings per share for the current fiscal year.

Intertek Group Increases Dividend

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

Insider Buying and Selling

In other Intertek Group news, insider Steven L. Mogford bought 121 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of GBX 4,892 ($63.11) per share, with a total value of £5,919.32 ($7,635.86). Also, insider Andre Lacroix sold 39,498 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of GBX 4,994 ($64.42), for a total transaction of £1,972,530.12 ($2,544,543.50). 0.45% of the stock is owned by insiders.

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.