Intertek Group plc (ITRK) to Issue GBX 23.50 Dividend
Intertek Group plc (LON:ITRK) declared a dividend on Tuesday, August 1st, Upcoming.Co.Uk reports. Shareholders of record on Thursday, September 28th will be given a dividend of GBX 23.50 ($0.32) per share on Friday, October 13th. This represents a yield of 0.5%. The ex-dividend date is Thursday, September 28th. The official announcement can be accessed at this link.
Intertek Group plc (ITRK) traded up 1.01% on Friday, reaching GBX 4896.00. 255,060 shares of the company’s stock traded hands. The firm’s market capitalization is GBX 7.88 billion. The stock has a 50-day moving average of GBX 4,861.84 and a 200 day moving average of GBX 4,327.78. Intertek Group plc has a 52 week low of GBX 3,037.39 and a 52 week high of GBX 5,160.00.
In related news, insider Jean-Michel Valette acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average cost of GBX 4,650 ($62.69) per share, for a total transaction of £465,000 ($626,938.12). Also, insider David E. Reid acquired 2,135 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were bought at an average price of GBX 4,650 ($62.69) per share, for a total transaction of £99,277.50 ($133,851.29).
A number of research firms have recently weighed in on ITRK. Berenberg Bank raised their price target on shares of Intertek Group plc from GBX 4,450 ($60.00) to GBX 4,600 ($62.02) and gave the stock a “hold” rating in a research report on Monday, August 21st. Jefferies Group LLC raised their price target on shares of Intertek Group plc from GBX 4,900 ($66.06) to GBX 5,300 ($71.46) and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Barclays PLC reissued an “equal weight” rating and set a GBX 4,350 ($58.65) price target on shares of Intertek Group plc in a research report on Wednesday, August 2nd. Shore Capital reissued a “sell” rating on shares of Intertek Group plc in a research report on Tuesday, August 8th. Finally, Deutsche Bank AG downgraded shares of Intertek Group plc to a “hold” rating and raised their price target for the stock from GBX 4,150 ($55.95) to GBX 4,200 ($56.63) in a research report on Thursday, June 29th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 4,042.44 ($54.50).
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About Intertek Group plc
Intertek Group PLC is a United Kingdom-based company, which offers quality assurance services. The Company’s segments include Products, Trade and Resources. The Products-related division consists of business lines that are focused on ensuring the quality and safety of physical components and products, as well minimizing risk through assessing the operating process and quality management systems of its customers.
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