Intertek Group (LON:ITRK) Insider Robin Freestone Buys 2,455 Shares

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

Intertek Group Stock Performance

Shares of LON ITRK traded up GBX 30 during mid-day trading on Thursday, hitting GBX 4,064. The company had a trading volume of 11,692,609 shares, compared to its average volume of 2,976,106. Intertek Group plc has a 12 month low of GBX 3,882 and a 12 month high of GBX 5,335. The firm has a market cap of £6.24 billion, a P/E ratio of 18.18, a PEG ratio of 1.99 and a beta of 0.65. The business’s 50-day simple moving average is GBX 4,529.32 and its 200-day simple moving average is GBX 4,681.21. The company has a debt-to-equity ratio of 128.18, a current ratio of 1.34 and a quick ratio of 1.19.

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

Wall Street Analysts Forecast Growth

ITRK has been the topic of a number of recent research reports. 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 on the stock in a research note on Thursday. Citigroup dropped their price objective on shares of Intertek Group from GBX 5,847 to GBX 5,717 and set a “buy” rating for the company in a research note on Thursday. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Intertek Group currently has a consensus rating of “Moderate Buy” and an average target price 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.