Robin Freestone Acquires 2,198 Shares of Intertek Group plc (LON:ITRK) Stock

Intertek Group plc (LON:ITRK) insider Robin Freestone bought 2,198 shares of the company’s stock in a transaction that occurred on Tuesday, April 15th. The shares were purchased at an average cost of GBX 4,525 ($60.04) per share, for a total transaction of £99,459.50 ($131,961.66).

Intertek Group Price Performance

LON ITRK opened at GBX 4,552 ($60.40) on Friday. Intertek Group plc has a 1 year low of GBX 4,044 ($53.66) and a 1 year high of GBX 5,575 ($73.97). The business’s fifty day moving average is GBX 4,923.87 and its two-hundred day moving average is GBX 4,864.36. The stock has a market capitalization of £7.31 billion, a P/E ratio of 23.73, 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.

Intertek Group (LON:ITRK) last announced its earnings results on Tuesday, March 4th. The company reported GBX 242.60 ($3.22) earnings per share (EPS) for the quarter. Intertek Group had a return on equity of 23.46% and a net margin of 9.19%. On average, research analysts forecast that Intertek Group plc will post 263.7305699 earnings per share for the current fiscal year.

Intertek Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be issued a GBX 102.60 ($1.36) dividend. This represents a dividend yield of 2.11%. This is a boost from Intertek Group’s previous dividend of $53.90. The ex-dividend date is Thursday, May 29th. Intertek Group’s dividend payout ratio (DPR) is presently 66.71%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Shore Capital upgraded Intertek Group to a “hold” rating in a research report on Tuesday, April 8th. Berenberg Bank lifted their target price on Intertek Group from GBX 5,800 ($76.95) to GBX 6,000 ($79.61) and gave the stock a “buy” rating in a report on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 5,675 ($75.30).

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.