Intertek Group (LON:ITRK) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Intertek Group plc (LON:ITRK)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 4,914.95 ($63.28) and traded as high as GBX 4,998 ($64.35). Intertek Group shares last traded at GBX 4,958 ($63.83), with a volume of 51,328,465 shares traded.

Wall Street Analyst Weigh In

ITRK has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Intertek Group from GBX 5,400 ($69.52) to GBX 5,500 ($70.81) and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Shore Capital restated a “sell” rating on shares of Intertek Group in a research report on Tuesday, March 11th. Finally, Berenberg Bank increased their price objective on Intertek Group from GBX 5,800 ($74.67) to GBX 6,000 ($77.25) 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 5,675 ($73.07).

Intertek Group Trading Down 0.4 %

The company has a market capitalization of £7.96 billion, a price-to-earnings ratio of 25.84, a P/E/G ratio of 1.99 and a beta of 0.63. The company has a debt-to-equity ratio of 103.83, a quick ratio of 1.19 and a current ratio of 1.27. The business’s 50-day simple moving average is GBX 5,091.45 and its 200-day simple moving average is GBX 4,914.95.

Intertek Group (LON:ITRK) last announced its quarterly earnings data on Tuesday, March 4th. The company reported GBX 242.60 ($3.12) earnings per share for the quarter. Intertek Group had a net margin of 9.19% and a return on equity of 23.46%. On average, research analysts expect that Intertek Group plc will post 263.7305699 earnings per share for the current fiscal year.

Intertek Group Increases Dividend

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

Insider Activity at Intertek Group

In related news, insider Andre Lacroix sold 39,498 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of GBX 4,994 ($64.30), for a total transaction of £1,972,530.12 ($2,539,629.35). Also, insider Steven L. Mogford bought 121 shares of Intertek Group stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of GBX 4,892 ($62.98) per share, for a total transaction of £5,919.32 ($7,621.11). 0.45% of the stock is currently owned by corporate 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.