Intertek Group (LON:ITRK) Insider Acquires 160 Shares

Intertek Group plc (LON:ITRK) insider Kawal Preet acquired 160 shares of the stock in a transaction on Monday, March 16th. The shares were acquired at an average price of GBX 3,710 per share, with a total value of £5,936.

Intertek Group Stock Down 1.3%

Shares of ITRK traded down GBX 49.56 during trading on Monday, reaching GBX 3,684.44. The company’s stock had a trading volume of 1,705,579 shares, compared to its average volume of 2,855,618. The company has a fifty day moving average of GBX 4,426.56 and a two-hundred day moving average of GBX 4,640.70. Intertek Group plc has a twelve month low of GBX 3,664 and a twelve month high of GBX 5,150. The company has a market cap of £5.66 billion, a price-to-earnings ratio of 16.49, a P/E/G ratio of 1.99 and a beta of 0.66. The company has a quick ratio of 1.19, a current ratio of 1.08 and a debt-to-equity ratio of 152.20.

Intertek Group (LON:ITRK) last released its earnings results on Tuesday, March 3rd. The company reported GBX 255.90 EPS for the quarter. Intertek Group had a return on equity of 31.07% and a net margin of 10.01%. On average, sell-side analysts predict that Intertek Group plc will post 263.7305699 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Jefferies Financial Group decreased their price objective on shares of Intertek Group from GBX 5,800 to GBX 4,800 and set a “buy” rating for the company in a report on Thursday, March 5th. Citigroup cut their target price on shares of Intertek Group from GBX 5,847 to GBX 5,717 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 5,169.50.

Intertek Group Company Profile

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. We provide 24/7 mission-critical quality assurance solutions to our clients to ensure that they can operate with well-functioning supply chains in each of their operations.

Our Customer Promise is: Intertek Total Quality Assurance expertise, delivered consistently, with precision, pace and passion, enabling our customers to power ahead safely.