Intertek ( (GB:ITRK) ) has issued an update.
Intertek Group PLC, a company involved in quality assurance services, has completed a share buyback transaction, purchasing 226,703 of its ordinary shares through J.P. Morgan Securities plc. This action is part of a larger Share Buyback Programme announced in March 2025, aiming to repurchase up to £350 million of shares. The purchased shares will be canceled, reducing the total number of shares in issue to 160,354,731, which affects the total voting rights and could impact shareholder interests.
Spark’s Take on GB:ITRK Stock
According to Spark, TipRanks’ AI Analyst, GB:ITRK is a Outperform.
Intertek’s strong financial health, robust earnings performance, and strategic share buyback program highlight its solid position in the market. While technical indicators suggest caution due to bearish trends, the company’s consistent revenue growth and attractive dividend yield provide a strong foundation for future performance.
To see Spark’s full report on GB:ITRK stock, click here.
More about Intertek
YTD Price Performance: -11.04%
Average Trading Volume: 531,101
Technical Sentiment Signal: Hold
Current Market Cap: £7.28B
See more data about ITRK stock on TipRanks’ Stock Analysis page.