Intertek Group plc (LON:ITRK) Insider Purchases £99,459.50 in Stock

by · The Cerbat Gem

Intertek Group plc (LON:ITRK – Get Free Report) insider Robin Freestone bought 2,198 shares of the firm’s stock in a transaction on Tuesday, April 15th. The shares were purchased at an average cost of GBX 4,525 ($60.16) per share, with a total value of £99,459.50 ($132,242.39).

Intertek Group Price Performance

Shares of ITRK opened at GBX 4,552 ($60.52) on Friday. The company has a 50 day moving average of GBX 4,910.31 and a two-hundred day moving average of GBX 4,860.90. The company has a quick ratio of 1.19, a current ratio of 1.27 and a debt-to-equity ratio of 103.83. Intertek Group plc has a twelve month low of GBX 4,044 ($53.77) and a twelve month high of GBX 5,575 ($74.13). The company has a market cap of £7.31 billion, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 1.99 and a beta of 0.63.

Intertek Group (LON:ITRK – Get Free Report) last posted its quarterly earnings data on Tuesday, March 4th. The company reported GBX 242.60 ($3.23) earnings per share for the quarter. Intertek Group had a return on equity of 23.46% and a net margin of 9.19%. As a group, 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 disclosed a dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be given a GBX 102.60 ($1.36) dividend. This is a positive change from Intertek Group’s previous dividend of $53.90. This represents a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, May 29th. Intertek Group’s dividend payout ratio (DPR) is presently 66.71%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Berenberg Bank increased their target price on shares of Intertek Group from GBX 5,800 ($77.12) to GBX 6,000 ($79.78) and gave the stock a “buy” rating in a report on Wednesday, March 5th. Shore Capital upgraded Intertek Group to a “hold” rating in a report on Tuesday, April 8th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 5,675 ($75.46).

View Our Latest Stock Report on Intertek Group

About Intertek Group

(Get Free Report)

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.

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