Intertek Group plc (ITRK) Insider Acquires £465,000 in Stock
Intertek Group plc (LON:ITRK) insider Jean-Michel Valette acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average cost of GBX 4,650 ($60.55) per share, with a total value of £465,000 ($605,547.60).
Intertek Group plc (LON:ITRK) traded down 1.04% during trading on Friday, reaching GBX 4663.00. 282,666 shares of the company’s stock were exchanged. The stock has a 50-day moving average of GBX 4,367.35 and a 200-day moving average of GBX 4,037.45. Intertek Group plc has a 52 week low of GBX 3,037.39 and a 52 week high of GBX 4,764.00. The stock’s market capitalization is GBX 7.50 billion.
The company also recently disclosed a dividend, which will be paid on Friday, October 13th. Shareholders of record on Thursday, September 28th will be paid a GBX 23.50 ($0.31) dividend. This represents a yield of 0.5%. The ex-dividend date is Thursday, September 28th.
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Several brokerages recently commented on ITRK. Shore Capital reaffirmed a “sell” rating on shares of Intertek Group plc in a research report on Tuesday. Jefferies Group LLC increased their price objective on shares of Intertek Group plc from GBX 4,900 ($63.81) to GBX 5,300 ($69.02) and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 4,350 ($56.65) price objective on shares of Intertek Group plc in a research report on Wednesday, August 2nd. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 4,000 ($52.09) price objective on shares of Intertek Group plc in a research report on Wednesday, July 12th. Finally, Morgan Stanley increased their price objective on shares of Intertek Group plc from GBX 3,820 ($49.75) to GBX 3,850 ($50.14) and gave the company an “equal weight” rating in a research report on Wednesday, July 12th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. Intertek Group plc presently has a consensus rating of “Hold” and an average target price of GBX 4,033.06 ($52.52).
About Intertek Group plc
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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