Intertek Group (LON:ITRK) Insider Andre Lacroix Sells 37,635 Shares

Intertek Group plc (LON:ITRK) insider Andre Lacroix sold 37,635 shares of the stock in a transaction dated Friday, March 13th. The shares were sold at an average price of GBX 3,794, for a total transaction of £1,427,871.90.

Intertek Group Price Performance

Shares of Intertek Group stock traded down GBX 49.56 on Monday, hitting GBX 3,684.44. 1,705,579 shares of the company were exchanged, compared to its average volume of 2,855,618. The company has a quick ratio of 1.19, a current ratio of 1.08 and a debt-to-equity ratio of 152.20. The company has a 50-day moving average price of GBX 4,426.56 and a 200 day moving average price of GBX 4,640.70. The stock has a market capitalization of £5.66 billion, a price-to-earnings ratio of 16.49, a price-to-earnings-growth ratio of 1.99 and a beta of 0.66. Intertek Group plc has a 1-year low of GBX 3,664 and a 1-year high of GBX 5,150.

Intertek Group (LON:ITRK) last posted its quarterly earnings results on Tuesday, March 3rd. The company reported GBX 255.90 EPS for the quarter. Intertek Group had a return on equity of 31.07% and a net margin of 10.01%. As a group, sell-side analysts predict that Intertek Group plc will post 263.7305699 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on ITRK. Jefferies Financial Group lowered their price target on shares of Intertek Group from GBX 5,800 to GBX 4,800 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Citigroup reduced their target price on shares of Intertek Group from GBX 5,847 to GBX 5,717 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 5,169.50.

About Intertek Group

Intertek is a leading Total Quality Assurance provider to industries worldwide.

Our network of more than 1,000 laboratories and offices in more than 100 countries, delivers innovative and bespoke Assurance, Testing, Inspection and Certification solutions for our customers’ operations and supply chains.

Intertek is a purpose-led company to Bring Quality, Safety and Sustainability to Life. We provide 24/7 mission-critical quality assurance solutions to our clients to ensure that they can operate with well-functioning supply chains in each of their operations.

Our Customer Promise is: Intertek Total Quality Assurance expertise, delivered consistently, with precision, pace and passion, enabling our customers to power ahead safely.