Intertek Group plc (ITRK) Sets New 1-Year High at $5,195.00
Intertek Group plc (LON:ITRK) hit a new 52-week high on Tuesday . The company traded as high as GBX 5,195 ($68.30) and last traded at GBX 5,155 ($67.78), with a volume of 255,006 shares changing hands. The stock had previously closed at GBX 5,170 ($67.97).
ITRK has been the topic of a number of analyst reports. Goldman Sachs Group, Inc. (The) lowered shares of Intertek Group plc to a “neutral” rating and raised their price objective for the company from GBX 4,510 ($59.30) to GBX 4,580 ($60.22) in a report on Monday, July 3rd. Berenberg Bank lowered shares of Intertek Group plc to a “hold” rating and raised their price objective for the company from GBX 4,000 ($52.59) to GBX 4,450 ($58.51) in a report on Monday, July 3rd. Deutsche Bank AG lowered shares of Intertek Group plc to a “hold” rating and raised their price objective for the company from GBX 4,150 ($54.56) to GBX 4,200 ($55.22) in a report on Thursday, June 29th. Morgan Stanley raised their price objective on shares of Intertek Group plc from GBX 3,820 ($50.22) to GBX 3,850 ($50.62) and gave the company an “equal weight” rating in a report on Wednesday, July 12th. Finally, BNP Paribas restated a “neutral” rating and issued a GBX 4,000 ($52.59) price objective on shares of Intertek Group plc in a report on Wednesday, July 12th. Five analysts have rated the stock with a sell rating, nine have issued 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 price target of GBX 4,042.44 ($53.15).
The stock has a 50-day moving average of GBX 4,996.76 and a 200 day moving average of GBX 4,460.63. The firm’s market cap is GBX 8.29 billion.
The firm also recently announced a dividend, which will be paid on Friday, October 13th. Shareholders of record on Thursday, September 28th will be issued a dividend of GBX 23.50 ($0.31) per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a dividend yield of 0.5%.
In other Intertek Group plc news, insider Jean-Michel Valette bought 10,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were bought at an average cost of GBX 4,650 ($61.14) per share, with a total value of £465,000 ($611,359.45). Also, insider David E. Reid bought 2,135 shares of the company’s stock in a transaction on Monday, August 7th. The shares were acquired at an average cost of GBX 4,650 ($61.14) per share, for a total transaction of £99,277.50 ($130,525.24).
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Intertek Group plc Company Profile
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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