Insider Buying: Intertek Group plc (ITRK) Insider Acquires 2,135 Shares of Stock
Intertek Group plc (LON:ITRK) insider David E. Reid bought 2,135 shares of Intertek Group plc stock in a transaction dated Monday, August 7th. The stock was purchased at an average price of GBX 4,650 ($60.55) per share, with a total value of £99,277.50 ($129,284.41).
Shares of Intertek Group plc (LON:ITRK) traded up 0.02% during mid-day trading on Tuesday, hitting GBX 4652.00. 73,605 shares of the company traded hands. Intertek Group plc has a 52-week low of GBX 3,037.39 and a 52-week high of GBX 4,673.00. The firm’s market cap is GBX 7.49 billion. The firm has a 50-day moving average price of GBX 4,344.61 and a 200 day moving average price of GBX 4,015.62.
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Several analysts have recently commented on ITRK shares. HSBC Holdings plc restated a “hold” rating and issued a GBX 3,520 ($45.84) target price on shares of Intertek Group plc in a research note on Monday, April 10th. Berenberg Bank restated a “buy” rating and issued a GBX 4,000 ($52.09) target price on shares of Intertek Group plc in a research note on Tuesday, April 25th. Morgan Stanley raised their target price on shares of Intertek Group plc from GBX 3,680 ($47.92) to GBX 3,820 ($49.75) and gave the stock an “equal weight” rating in a research note on Wednesday, May 3rd. Kepler Capital Markets upgraded shares of Intertek Group plc to a “buy” rating and raised their target price for the stock from GBX 3,935 ($51.24) to GBX 4,600 ($59.90) in a research note on Monday, May 22nd. Finally, Shore Capital reiterated a “sell” rating on shares of Intertek Group plc in a research note on Friday, May 26th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 4,033.06 ($52.52).
Intertek Group plc Company Profile
Intertek Group PLC is a United Kingdom-based company, which offers quality assurance services. The Company’s segments include Products, Trade and Resources. The Products-related division consists of business lines that are focused on ensuring the quality and safety of physical components and products, as well minimizing risk through assessing the operating process and quality management systems of its customers.
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