Intertek Group (LON:ITRK) Insider Kawal Preet Purchases 160 Shares

Intertek Group plc (LON:ITRK) insider Kawal Preet bought 160 shares of the stock in a transaction on Monday, March 16th. The shares were acquired at an average price of GBX 3,710 per share, with a total value of £5,936.

Intertek Group Stock Performance

Shares of LON:ITRK traded down GBX 49.56 on Monday, reaching GBX 3,684.44. 1,705,579 shares of the company’s stock were exchanged, compared to its average volume of 2,855,618. The firm has a market capitalization of £5.66 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 1.99 and a beta of 0.66. Intertek Group plc has a fifty-two week low of GBX 3,664 and a fifty-two week high of GBX 5,150. The business’s 50-day moving average is GBX 4,426.56 and its two-hundred day moving average is GBX 4,640.70. The company has a quick ratio of 1.19, a current ratio of 1.08 and a debt-to-equity ratio of 152.20.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ITRK shares. Citigroup cut 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 report on Thursday, March 5th. Jefferies Financial Group lowered their target price on Intertek Group from GBX 5,800 to GBX 4,800 and set a “buy” rating for the company in a report on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 5,169.50.

Intertek Group Company Profile

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.