Intertek Group plc (LON:ITRK) Insider Sells £1,972,530.12 in Stock

Intertek Group plc (LON:ITRK) insider Andre Lacroix sold 39,498 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of GBX 4,994 ($64.60), for a total value of £1,972,530.12 ($2,551,455.34).

Intertek Group Trading Up 0.1 %

Intertek Group stock opened at GBX 4,886 ($63.20) on Friday. The firm’s 50 day moving average price is GBX 5,068.03 and its 200-day moving average price is GBX 4,908.81. Intertek Group plc has a 1 year low of GBX 4,394 ($56.84) and a 1 year high of GBX 5,575 ($72.11). The stock has a market cap of £7.84 billion, a P/E ratio of 25.47, a PEG ratio of 1.99 and a beta of 0.63. The company has a debt-to-equity ratio of 103.83, a current ratio of 1.27 and a quick ratio of 1.19.

Intertek Group (LON:ITRK) last issued its 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%. On average, equities analysts predict that Intertek Group plc will post 263.7305699 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ITRK shares. 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 report on Wednesday, March 5th. JPMorgan Chase & Co. raised their price objective on Intertek Group from GBX 5,400 ($69.85) to GBX 5,500 ($71.14) and gave the company an “overweight” rating in a research report on Thursday, December 5th. Finally, Shore Capital reaffirmed a “sell” rating on shares of Intertek Group in a research report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat, Intertek Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 5,675 ($73.41).

About Intertek Group

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.