Insider Selling: Intertek Group (LON:ITRK) Insider Sells 37,635 Shares of Stock

Key Points

• Insider sale: Andre Lacroix sold 37,635 Intertek shares on March 13 at an average of GBX 3,794, totaling £1,427,871.90.
• Shares traded down to GBX 3,684.44 (market cap ~£5.66bn) and are near their 12‑month low (GBX 3,664), well below the 50‑ and 200‑day moving averages (GBX 4,426.56 and GBX 4,640.70).
• Analysts are split (three Buy, three Hold) with a consensus Moderate Buy and average target GBX 5,169.50; Intertek reported Q EPS of GBX 255.90 and analysts expect ~GBX 263.73 for the year.

Intertek Group plc (LON:ITRK - Get Free Report) insider Andre Lacroix sold 37,635 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of GBX 3,794, for a total value of £1,427,871.90.

Intertek Group Price Performance

LON ITRK traded down GBX 49.56 on Monday, hitting GBX 3,684.44. The company had a trading volume of 1,705,579 shares, compared to its average volume of 2,855,618. The company has a market capitalization of £5.66 billion, a PE ratio of 16.49, a PEG ratio of 1.99 and a beta of 0.66. The company's fifty day moving average price is GBX 4,426.56 and its 200-day moving average price is GBX 4,640.70. The company has a debt-to-equity ratio of 152.20, a current ratio of 1.08 and a quick ratio of 1.19. Intertek Group plc has a 12-month low of GBX 3,664 and a 12-month high of GBX 5,150.

Intertek Group (LON:ITRK - Get Free Report) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported GBX 255.90 earnings per share (EPS) for the quarter. Intertek Group had a net margin of 10.01% and a return on equity of 31.07%. As a group, analysts predict that Intertek Group plc will post 263.7305699 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ITRK shares. Citigroup cut their price objective on Intertek Group from GBX 5,847 to GBX 5,717 and set a "buy" rating for the company in a research note on Thursday, March 5th. Jefferies Financial Group decreased their target price on Intertek Group from GBX 5,800 to GBX 4,800 and set a "buy" rating on the stock in a research report on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of GBX 5,169.50.

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. We provide 24/7 mission-critical quality assurance solutions to our clients to ensure that they can operate with well-functioning supply chains in each of their operations. Our Customer Promise is: Intertek Total Quality Assurance expertise, delivered consistently, with precision, pace and passion, enabling our customers to power ahead safely.

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