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

Intertek Group plc (LON:ITRK) insider Steven L. Mogford bought 121 shares of Intertek Group stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of GBX 4,892 ($63.28) per share, with a total value of £5,919.32 ($7,656.60).

Intertek Group Stock Performance

Shares of LON ITRK opened at GBX 4,886 ($63.20) on Friday. 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 firm has a market cap of £7.84 billion, a price-to-earnings ratio of 25.47, a P/E/G ratio of 1.99 and a beta of 0.63. The business’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 plc has a 52 week low of GBX 4,394 ($56.84) and a 52 week high of GBX 5,575 ($72.11).

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

Analysts Set New Price Targets

ITRK has been the subject of several research analyst reports. Berenberg Bank increased their price objective on Intertek Group from GBX 5,800 ($75.02) to GBX 6,000 ($77.61) and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Shore Capital reissued a “sell” rating on shares of Intertek Group in a research note on Tuesday, March 11th. Finally, JPMorgan Chase & Co. increased their price objective on Intertek Group from GBX 5,400 ($69.85) to GBX 5,500 ($71.14) and gave the stock an “overweight” rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 5,675 ($73.41).

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.