TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Intertek ( (GB:ITRK) ) just unveiled an announcement.
Intertek Group PLC has executed a share buyback, purchasing 148,951 ordinary shares at prices ranging from 4,622 to 4,698 pence per share, as part of its ongoing £350 million Share Buyback Programme. This move, which follows shareholder approval, aims to cancel the purchased shares, thereby reducing the number of shares in circulation and potentially enhancing shareholder value.
The most recent analyst rating on (GB:ITRK) stock is a Buy with a £5196.00 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 is the most significant factor, with robust revenue growth, profitability, and cash flow management. The technical analysis presents mixed signals, with the stock trading below key moving averages. The valuation is fair, supported by a reasonable P/E ratio and an attractive dividend yield. Overall, the stock is positioned well for growth, but technical indicators suggest caution.
To see Spark’s full report on GB:ITRK stock, click here.
More about Intertek
Intertek Group PLC operates in the quality assurance industry, providing testing, inspection, and certification services. The company focuses on ensuring the quality and safety of products and services across various sectors, including consumer goods, healthcare, and industrial sectors.
Average Trading Volume: 354,970
Technical Sentiment Signal: Strong Buy
Current Market Cap: £7.2B
For an in-depth examination of ITRK stock, go to TipRanks’ Overview page.