Intertek Advances Share Buyback Programme with Recent Share Purchase

An update from Intertek ( (GB:ITRK) ) is now available.

Intertek Group PLC has announced the purchase of 35,321 of its ordinary shares as part of its ongoing Share Buyback Programme, which was initially announced on 24 March 2025. The shares were acquired at a volume-weighted average price of 4,534.5494 pence per share. This transaction is part of a larger initiative to repurchase up to £350 million worth of shares, with the company having already purchased 1,272,508 shares for a total of £59,383,937.70. The purchased shares will be canceled, impacting the total voting rights and share capital structure, which now stands at 160,120,619 ordinary shares in issue. This strategic move is likely to enhance shareholder value and optimize the company’s capital structure.

Spark’s Take on GB:ITRK Stock

According to Spark, TipRanks’ AI Analyst, GB:ITRK is a Outperform.

Intertek’s overall stock score reflects its solid financial performance, highlighted by robust revenue growth and effective cash management. The company’s positive earnings call insights and strategic initiatives like share buybacks support the stock’s potential. However, the technical indicators suggest potential downside risks, and a fair valuation necessitates cautious optimism. Overall, Intertek is well-positioned for long-term growth, but short-term caution may be warranted due to bearish trends and high valuation.

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

More about Intertek

Intertek Group PLC operates in the testing, inspection, and certification industry, providing quality assurance services to various sectors including consumer goods, healthcare, and industrial markets. The company focuses on ensuring the safety and quality of its clients’ products and services, helping them to meet regulatory requirements and market standards.

YTD Price Performance: -2.96%

Average Trading Volume: 584,394

Technical Sentiment Signal: Buy

Current Market Cap: £7.1B

See more insights into ITRK stock on TipRanks’ Stock Analysis page.