Intertek Group (LON:ITRK) Sets New 12-Month Low – What’s Next?

Intertek Group plc (LON:ITRK)’s share price hit a new 52-week low on Wednesday . The stock traded as low as GBX 48.72 ($0.63) and last traded at GBX 4,852 ($62.91), with a volume of 2645912 shares. The stock had previously closed at GBX 4,866 ($63.10).

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ITRK shares. Berenberg Bank raised their target price on shares of Intertek Group from GBX 5,800 ($75.21) to GBX 6,000 ($77.80) and gave the stock a “buy” rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. increased their price target on Intertek Group from GBX 5,400 ($70.02) to GBX 5,500 ($71.32) and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Finally, Shore Capital reaffirmed a “sell” rating on shares of Intertek Group in a report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat, Intertek Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 5,675 ($73.59).

Intertek Group Price Performance

The firm has a market capitalization of £7.84 billion, a P/E ratio of 25.46, a PEG 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 business’s 50 day moving average is GBX 5,077.94 and its 200-day moving average is GBX 4,911.17.

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

Intertek Group Increases Dividend

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

Insider Activity

In other news, insider Steven L. Mogford acquired 121 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of GBX 4,892 ($63.43) per share, with a total value of £5,919.32 ($7,675.47). Also, insider Andre Lacroix sold 39,498 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of GBX 4,994 ($64.76), for a total value of £1,972,530.12 ($2,557,741.34). 0.45% of the stock is currently owned by corporate insiders.

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.