Intertek ( (GB:ITRK) ) has shared an update.
Intertek Group PLC announced the purchase of 146,320 of its own ordinary shares as part of its ongoing Share Buyback Programme, which aims to repurchase up to £350 million of shares. This transaction, executed through J.P. Morgan Securities plc, is in line with shareholder authority and will result in the cancellation of the purchased shares, impacting the company’s total voting rights and potentially enhancing shareholder value.
More about Intertek
Intertek Group PLC operates in the quality assurance industry, providing testing, inspection, and certification services. It focuses on ensuring the safety and quality of products and services across various sectors, including consumer goods, healthcare, and industrial sectors.
YTD Price Performance: 5.75%
Average Trading Volume: 497,731
Technical Sentiment Signal: Strong Sell
Current Market Cap: £8.1B
For an in-depth examination of ITRK stock, go to TipRanks’ Stock Analysis page.