Intertek ( (GB:ITRK) ) has issued an announcement.
Intertek Group PLC announced the purchase of 60,765 of its ordinary shares as part of a share buyback program, with plans to cancel these shares. This move, executed through J.P. Morgan Securities plc, is part of a larger initiative to repurchase up to £350 million worth of shares, potentially enhancing shareholder value and optimizing the company’s capital structure.
More about Intertek
Intertek Group PLC operates in the quality assurance industry, providing services such as testing, inspection, and certification. The company focuses on ensuring the safety and quality of products and services across various sectors, including consumer goods, healthcare, and industrial sectors.
YTD Price Performance: 4.53%
Average Trading Volume: 470,483
Technical Sentiment Signal: Strong Sell
Current Market Cap: £7.96B
For an in-depth examination of ITRK stock, go to TipRanks’ Stock Analysis page.