Intertek ( (GB:ITRK) ) has shared an update.
Intertek Group PLC has executed a share buyback transaction, purchasing 65 of its ordinary shares at a price of 4,176 pence each, as part of its ongoing Share Buyback Programme initiated on 24 March 2025. This transaction is part of a broader plan to repurchase up to £350 million of shares, with the company having already acquired 1,038,461 shares for a total of £49,396,543.33. The cancellation of these shares will adjust the total voting rights to 160,354,666, impacting shareholder calculations under the FCA’s rules.
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 strong financial performance and positive earnings call insights, balanced against its high valuation and technical indicators suggesting potential downside risks. The company’s robust cash generation capabilities and strategic initiatives like share buybacks support the stock’s potential, while the high P/E ratio and bearish technical signals necessitate caution.
To see Spark’s full report on GB:ITRK stock, click here.
More about Intertek
Intertek Group PLC operates within the testing, inspection, and certification industry, providing quality assurance services to a wide range of sectors including consumer goods, healthcare, and industrial markets. The company focuses on ensuring product safety and performance, regulatory compliance, and risk management for its clients worldwide.
YTD Price Performance: -9.69%
Average Trading Volume: 548,265
Technical Sentiment Signal: Strong Buy
Current Market Cap: £6.74B
Learn more about ITRK stock on TipRanks’ Stock Analysis page.