Wed Sep 25 10:02:30 UTC 2024: ## Intertek Group Hits New 52-Week High on Positive Analyst Sentiment

**London, UK – September 25, 2024** – Intertek Group plc (LON:ITRK) shares soared to a new 52-week high on Wednesday, closing at GBX 5,155 ($69.03). The surge follows positive analyst commentary and an upcoming dividend payout.

Several investment banks have recently voiced their confidence in the company. Berenberg Bank reiterated a “buy” rating and set a GBX 5,500 ($73.65) price objective, while Royal Bank of Canada maintained an “outperform” rating and set a GBX 5,200 ($69.63) target price. Overall, analysts are bullish on Intertek Group, with five assigning a “buy” rating and one a “hold.” MarketBeat.com data gives the company an average rating of “Moderate Buy” with a consensus target price of GBX 5,351 ($71.65).

Intertek Group also announced a dividend of GBX 53.90 ($0.72) per share, payable on October 8th to shareholders of record on September 12th. This represents a dividend yield of 1.09%.

Intertek Group plc provides quality assurance solutions to various industries worldwide, operating in five segments: Consumer Products, Corporate Assurance, Health and Safety, Industry and Infrastructure, and World of Energy.

**Disclaimer:** This news article is based on publicly available information and should not be considered as investment advice.

Read More