Intertek Group (LON:ITRK) Shares Pass Above 200 Day Moving Average – Here’s Why

Intertek Group plc (LON:ITRK) shares passed 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.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ITRK shares. Shore Capital restated a “sell” rating on shares of Intertek Group in a research report on Tuesday, March 11th. Berenberg Bank boosted their price objective on shares of Intertek Group from GBX 5,800 ($74.82) to GBX 6,000 ($77.40) and gave the company a “buy” rating in a research report on Wednesday, March 5th. One equities 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 5,675 ($73.21).

Intertek Group Stock Performance

The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 103.83. The company has a market cap of £7.45 billion, a P/E ratio of 24.18, a PEG ratio of 1.99 and a beta of 0.63. The business’s 50 day simple moving average is GBX 5,083.49 and its 200 day simple moving average is GBX 4,914.41.

Intertek Group (LON:ITRK) last released its earnings results on Tuesday, March 4th. The company reported GBX 242.60 ($3.13) earnings per share for the quarter. Intertek Group had a net margin of 9.19% and a return on equity of 23.46%. Sell-side 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 disclosed a dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be paid a GBX 102.60 ($1.32) dividend. This is a positive change from Intertek Group’s previous dividend of $53.90. The ex-dividend date is Thursday, May 29th. This represents a dividend yield of 2.11%. Intertek Group’s dividend payout ratio is 66.71%.

Insider Activity at Intertek Group

In other Intertek Group news, insider Andre Lacroix sold 39,498 shares of the 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). Also, insider Steven L. Mogford acquired 121 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of GBX 4,892 ($63.11) per share, with a total value of £5,919.32 ($7,635.86). 0.45% of the stock is 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.