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The latest update is out from Intertek ( (GB:ITRK) ).
Intertek Group plc has acquired Suplilab, a prominent Costa Rican provider of food safety and medical device testing services. This acquisition allows Intertek to expand its ATIC (Assurance, Testing, Inspection, and Certification) footprint in Central America, tapping into the region’s fast-growing demand for risk-based quality assurance solutions. Suplilab’s expertise in microbiology, water, and chemistry testing, along with its established market position, will enable Intertek to access new growth opportunities in the high-margin food and medical devices sectors, strengthening its industry presence in Latin America.
The most recent analyst rating on (GB:ITRK) stock is a Buy with a £56.30 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 contributing to its overall score, supported by consistent revenue growth and robust cash flow management. The technical analysis presents mixed signals, with positive trends tempered by potential bearish momentum. The valuation is reasonable, offering a balance between growth and income potential.
To see Spark’s full report on GB:ITRK stock, click here.
More about Intertek
Intertek is a leading Total Quality Assurance provider offering Assurance, Testing, Inspection, and Certification solutions globally. With a network of over 1,000 laboratories and offices in more than 100 countries, Intertek focuses on delivering quality, safety, and sustainability services to enhance customer operations and supply chains.
Average Trading Volume: 401,478
Technical Sentiment Signal: Strong Buy
Current Market Cap: £7.8B
See more data about ITRK stock on TipRanks’ Stock Analysis page.