Intertek Group (LON:ITRK) Hits New 1-Year Low – Here’s Why

Shares of Intertek Group plc (LON:ITRK) reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 4,314 ($55.61) and last traded at GBX 4,338 ($55.92), with a volume of 1467277 shares traded. The stock had previously closed at GBX 4,639.23 ($59.80).

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Shore Capital reissued a “sell” rating on shares of Intertek Group in a research note on Tuesday, March 11th. Berenberg Bank increased their price target on Intertek Group from GBX 5,800 ($74.76) to GBX 6,000 ($77.34) 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 given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 5,675 ($73.15).

Intertek Group Trading Down 5.6 %

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 firm has a market capitalization of £7.03 billion, a price-to-earnings ratio of 22.83, a P/E/G ratio of 1.99 and a beta of 0.63. The firm’s 50-day moving average is GBX 5,083.49 and its 200 day moving average is GBX 4,913.15.

Intertek Group (LON:ITRK) last released its quarterly earnings results on Tuesday, March 4th. The company reported GBX 242.60 ($3.13) earnings per share (EPS) for the quarter. Intertek Group had a net margin of 9.19% and a return on equity of 23.46%. On average, equities analysts predict 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. Shareholders of record on Thursday, May 29th will be given a GBX 102.60 ($1.32) dividend. This represents a dividend yield of 2.11%. The ex-dividend date is Thursday, May 29th. This is a positive change from Intertek Group’s previous dividend of $53.90. Intertek Group’s payout ratio is 66.71%.

Insider Activity

In other news, insider Andre Lacroix sold 39,498 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of GBX 4,994 ($64.37), for a total value of £1,972,530.12 ($2,542,575.56). Also, insider Steven L. Mogford bought 121 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of GBX 4,892 ($63.06) per share, with a total value of £5,919.32 ($7,629.96). Insiders own 0.45% of the company’s stock.

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.