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Intertek ( (GB:ITRK) ) has provided an update.
Intertek Group PLC has executed a share buyback transaction, purchasing 2,215 of its ordinary shares as part of its ongoing Share Buyback Programme initiated in March 2025. This move, which is in line with shareholder authority, aims to cancel the acquired shares, thereby adjusting the total voting rights to 156,616,560. The buyback is part of a larger strategy to repurchase up to £350 million worth of shares, having already acquired 4,776,567 shares for over £225 million, potentially impacting shareholder value and market perception.
The most recent analyst rating on (GB:ITRK) stock is a Hold with a £51.00 price target. To see the full list of analyst forecasts on Intertek stock, see the GB:ITRK Stock Forecast page.
Spark’s Take on GB:ITRK Stock
According to Spark, TipRanks’ AI Analyst, GB:ITRK is a Outperform.
Intertek’s strong financial performance and positive earnings call are the most significant factors driving the score. The company’s strategic initiatives and share buyback program further enhance its market position. However, bearish technical indicators and moderate reliance on debt slightly temper the overall score.
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 transportation. The company focuses on ensuring safety, quality, and performance standards for its clients worldwide.
Average Trading Volume: 453,380
Technical Sentiment Signal: Buy
Current Market Cap: £7.25B
See more insights into ITRK stock on TipRanks’ Stock Analysis page.