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

Intertek Group plc (LON:ITRK) insider Steven L. Mogford acquired 121 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of GBX 4,892 ($63.24) per share, with a total value of £5,919.32 ($7,651.65).

Intertek Group Stock Up 0.1 %

Shares of ITRK opened at GBX 4,886 ($63.16) on Monday. The stock has a market capitalization of £7.84 billion, a PE ratio of 25.47, a P/E/G ratio of 1.99 and a beta of 0.63. Intertek Group plc has a 1 year low of GBX 4,394 ($56.80) and a 1 year high of GBX 5,575 ($72.07). The company has a debt-to-equity ratio of 103.83, a quick ratio of 1.19 and a current ratio of 1.27. The company’s 50-day simple moving average is GBX 5,068.03 and its 200-day simple moving average is GBX 4,908.81.

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Intertek Group from GBX 5,400 ($69.80) to GBX 5,500 ($71.10) and gave the company an “overweight” rating in a research report on Thursday, December 5th. Berenberg Bank upped their target price on shares of Intertek Group from GBX 5,800 ($74.97) to GBX 6,000 ($77.56) and gave the company a “buy” rating in a research report on Wednesday, March 5th. Finally, Shore Capital reaffirmed a “sell” rating on shares of Intertek Group in a research report on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 5,675 ($73.36).

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.