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The latest announcement is out from Intertek ( (GB:ITRK) ).
Intertek Group PLC, a company operating in the testing, inspection, and certification industry, has announced the purchase of 69,831 of its ordinary shares as part of its ongoing Share Buyback Programme. This move, executed through J.P. Morgan Securities plc, is part of a larger initiative to repurchase up to £350 million worth of shares, with the company having already bought back 6,975,788 shares for a total of £327,518,200.99. The purchased shares will be canceled, which will impact the total voting rights and share structure, potentially affecting shareholder interests.
The most recent analyst rating on (GB:ITRK) stock is a Buy with a £5196.00 price target. To see the full list of analyst forecasts on Intertek stock, see the GB:ITRK Stock Forecast page.
Spark’s Take on GB:ITRK Stock
According to Spark, TipRanks’ AI Analyst, GB:ITRK is a Outperform.
Intertek’s strong financial performance is the most significant factor, with robust revenue growth, profitability, and cash flow management. The technical analysis presents mixed signals, with the stock trading below key moving averages. The valuation is fair, supported by a reasonable P/E ratio and an attractive dividend yield. Overall, the stock is positioned well for growth, but technical indicators suggest caution.
To see Spark’s full report on GB:ITRK stock, click here.
More about Intertek
Average Trading Volume: 359,386
Technical Sentiment Signal: Buy
Current Market Cap: £7.11B
Learn more about ITRK stock on TipRanks’ Stock Analysis page.