Intertek Group (LON:ITRK) Sets New 1-Year High at $5,155.00

Posted by MarketBeat News on Sep 25th, 2024

Intertek Group plc (LON:ITRK – Get Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as GBX 5,155 ($69.03) and last traded at GBX 5,155 ($69.03), with a volume of 714868 shares trading hands. The stock had previously closed at GBX 5,130 ($68.69).

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Berenberg Bank restated a “buy” rating and issued a GBX 5,500 ($73.65) price objective on shares of Intertek Group in a report on Wednesday, July 17th. Royal Bank of Canada restated an “outperform” rating and set a GBX 5,200 ($69.63) price target on shares of Intertek Group in a research note on Thursday, August 15th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 5,351 ($71.65).

View Our Latest Analysis on Intertek Group

Intertek Group Stock Performance

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The stock has a market capitalization of £8.28 billion, a PE ratio of 2,700.00, a P/E/G ratio of 1.98 and a beta of 0.63. The company has a debt-to-equity ratio of 100.41, a quick ratio of 1.19 and a current ratio of 1.27. The firm’s 50 day moving average is GBX 4,857.11 and its two-hundred day moving average is GBX 4,871.54.

Intertek Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Thursday, September 12th will be paid a GBX 53.90 ($0.72) dividend. This represents a dividend yield of 1.09%. The ex-dividend date is Thursday, September 12th. Intertek Group’s payout ratio is currently 6,736.84%.

About Intertek Group

(Get Free Report)

Intertek Group plc engages in the provision of quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, and internationally. The company operates in five segments: Consumer Products, Corporate Assurance, Health and Safety, Industry and Infrastructure, and World of Energy.