Intertek Group plc (ITRK) Hits New 1-Year High at $5,195.00

Intertek Group plc (LON:ITRK) reached a new 52-week high during mid-day trading 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).

A number of equities research analysts recently issued reports on the stock. BNP Paribas restated a “neutral” rating and issued a GBX 4,000 ($52.59) target price on shares of Intertek Group plc in a report on Wednesday, July 12th. Jefferies Group LLC boosted their target price on shares of Intertek Group plc from GBX 4,900 ($64.42) to GBX 5,300 ($69.68) and gave the company a “buy” rating in a report on Wednesday, August 2nd. Deutsche Bank AG downgraded shares of Intertek Group plc to a “hold” rating and boosted their target price for the company from GBX 4,150 ($54.56) to GBX 4,200 ($55.22) in a report on Thursday, June 29th. Kepler Capital Markets restated a “buy” rating and issued a GBX 4,600 ($60.48) target price on shares of Intertek Group plc in a report on Thursday, June 15th. Finally, Shore Capital restated a “sell” rating on shares of Intertek Group plc in a report on Tuesday, August 8th. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 4,042.44 ($53.15).

The company has a 50-day moving average price of GBX 4,988.00 and a 200-day moving average price of GBX 4,451.94. The stock’s market cap is GBX 8.29 billion.

The firm also recently disclosed a dividend, which will be paid on Friday, October 13th. Stockholders of record on Thursday, September 28th will be given a GBX 23.50 ($0.31) dividend. The ex-dividend date is Thursday, September 28th. This represents a dividend yield of 0.5%.

In other Intertek Group plc news, insider Jean-Michel Valette acquired 10,000 shares of Intertek Group plc stock in a transaction dated Friday, August 11th. The stock was 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 acquired 2,135 shares of Intertek Group plc stock in a transaction dated Monday, August 7th. The stock was acquired at an average cost of GBX 4,650 ($61.14) per share, with a total value of £99,277.50 ($130,525.24).

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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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