Intertek Advances Share Buyback Programme with Latest Purchase

Intertek ( (GB:ITRK) ) has provided an update.

Intertek Group PLC has executed a share buyback transaction, purchasing 118,853 ordinary shares at an average price of 4,745.7403 pence per share. This move is part of its ongoing Share Buyback Programme, which aims to repurchase up to £350 million of shares, enhancing shareholder value by reducing the number of shares in circulation and potentially increasing earnings per share.

The most recent analyst rating on (GB:ITRK) stock is a Hold with a £51.00 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 and positive outlook from recent earnings are significant strengths. The stock’s technical indicators are mixed, and valuation appears stretched, but strategic corporate actions bolster confidence in continued growth and shareholder value enhancement.

To see Spark’s full report on GB:ITRK stock, click here.

More about Intertek

Intertek Group PLC operates in the quality assurance industry, providing services such as testing, inspection, and certification to ensure product and service standards across various sectors. The company focuses on delivering solutions that enhance quality, safety, and sustainability for its clients globally.

Average Trading Volume: 641,202

Technical Sentiment Signal: Buy

Current Market Cap: £7.5B

Find detailed analytics on ITRK stock on TipRanks’ Stock Analysis page.