Intertek ( (GB:ITRK) ) has provided an update.
Intertek Group PLC has executed a share buyback program, purchasing 50,661 ordinary shares at an average price of 4,977.5281 pence per share, with the intention to cancel these shares. This move is part of a broader initiative to repurchase up to £350 million of shares, enhancing shareholder value and optimizing the company’s capital structure.
More about Intertek
Intertek Group PLC operates in the quality assurance industry, providing testing, inspection, and certification services to a wide range of sectors globally. The company focuses on ensuring the safety, quality, and performance of products and operations for its clients.
YTD Price Performance: 6.18%
Average Trading Volume: 486,637
Technical Sentiment Signal: Strong Sell
Current Market Cap: £8.07B
For a thorough assessment of ITRK stock, go to TipRanks’ Stock Analysis page.