Robin Freestone Purchases 2,455 Shares of Intertek Group (LON:ITRK) Stock

Intertek Group plc (LON:ITRK) insider Robin Freestone bought 2,455 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was purchased at an average price of GBX 4,051 per share, with a total value of £99,452.05.

Intertek Group Stock Up 0.7%

ITRK traded up GBX 30 during trading hours on Thursday, reaching GBX 4,064. 11,692,609 shares of the stock traded hands, compared to its average volume of 2,976,106. Intertek Group plc has a fifty-two week low of GBX 3,882 and a fifty-two week high of GBX 5,335. The company has a market cap of £6.24 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 1.99 and a beta of 0.65. The company has a debt-to-equity ratio of 128.18, a current ratio of 1.34 and a quick ratio of 1.19. The firm’s fifty day simple moving average is GBX 4,529.32 and its two-hundred day simple moving average is GBX 4,681.21.

Intertek Group (LON:ITRK) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported GBX 255.90 earnings per share for the quarter. Intertek Group had a net margin of 10.66% and a return on equity of 28.61%. As a group, analysts forecast that Intertek Group plc will post 263.7305699 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ITRK shares. Citigroup dropped their price objective on Intertek Group from GBX 5,847 to GBX 5,717 and set a “buy” rating on the stock in a report on Thursday. Jefferies Financial Group decreased their price target on shares of Intertek Group from GBX 5,800 to GBX 4,800 and set a “buy” rating for the company in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 5,169.50.

About Intertek Group

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.