Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Intertek ( (GB:ITRK) ) has shared an update.
Intertek Group PLC, a company engaged in quality assurance services, has announced the purchase of 51,076 of its ordinary shares as part of its ongoing Share Buyback Programme. The shares were bought at prices ranging from 4,629.0000 to 4,650.0000 pence per share, with a volume-weighted average price of 4,644.7674 pence. This transaction aligns with the authority granted by shareholders and results in the company having 156,368,122 ordinary shares in issue, which will impact shareholder voting rights and transparency obligations.
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 high score. The company’s effective cash flow management and strategic share buyback program further enhance its attractiveness. However, mixed 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
Average Trading Volume: 439,309
Technical Sentiment Signal: Buy
Current Market Cap: £7.25B
For an in-depth examination of ITRK stock, go to TipRanks’ Overview page.