Insider Buying: Intertek Group plc (LON:ITRK) Insider Purchases 121 Shares of Stock

Intertek Group plc (LON:ITRK) insider Steven L. Mogford purchased 121 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of GBX 4,892 ($63.37) per share, with a total value of £5,919.32 ($7,667.51).

Intertek Group Stock Performance

ITRK stock traded up GBX 6 ($0.08) on Friday, hitting GBX 4,886 ($63.29). The company’s stock had a trading volume of 303,008 shares, compared to its average volume of 2,208,096. Intertek Group plc has a 1 year low of GBX 4,394 ($56.92) and a 1 year high of GBX 5,575 ($72.22). The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 103.83. The stock has a market cap of £7.84 billion, a price-to-earnings ratio of 25.47, a price-to-earnings-growth ratio of 1.99 and a beta of 0.63. The firm has a 50 day moving average of GBX 5,063.12 and a two-hundred day moving average of GBX 4,906.83.

Intertek Group (LON:ITRK) last announced its earnings results on Tuesday, March 4th. The company reported GBX 242.60 ($3.14) EPS for the quarter. Intertek Group had a net margin of 9.19% and a return on equity of 23.46%. Equities analysts predict that Intertek Group plc will post 263.7305699 EPS for the current fiscal year.

Analyst Ratings Changes

ITRK has been the subject of several recent analyst reports. Berenberg Bank boosted their price objective on shares of Intertek Group from GBX 5,800 ($75.13) to GBX 6,000 ($77.72) and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Shore Capital reissued a “sell” rating on shares of Intertek Group in a research report on Tuesday. Finally, JPMorgan Chase & Co. raised their price objective on Intertek Group from GBX 5,400 ($69.95) to GBX 5,500 ($71.24) and gave the stock an “overweight” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 5,675 ($73.51).

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.