Intertek Group (LON:ITRK) Insider Sells £120,497.44 in Stock

Key Points

• Insider sale: Colm Deasy sold 3,176 shares at an average of GBX 3,794 on March 13, for a total of £120,497.44.
• Shares dropped about 1.3% to GBX 3,684.44 (near the 12‑month low of GBX 3,664) with below‑average volume; Intertek has a market cap of £5.66bn, a P/E of 16.49 and a high debt‑to‑equity ratio of 152.20.
• Analyst sentiment is mixed (three Buy, three Hold) but the consensus rating is a Moderate Buy with a consensus price target of GBX 5,169.50, while Jefferies and Citi recently trimmed their targets.

Intertek Group plc (LON:ITRK - Get Free Report) insider Colm Deasy sold 3,176 shares of the company's stock in a transaction dated Friday, March 13th. The shares were sold at an average price of GBX 3,794, for a total value of £120,497.44.

Intertek Group Stock Down 1.3%

Shares of LON ITRK traded down GBX 49.56 during mid-day trading on Monday, reaching 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 debt-to-equity ratio of 152.20, a quick ratio of 1.19 and a current ratio of 1.08. The company has a market capitalization of £5.66 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 1.99 and a beta of 0.66. The stock has a fifty day moving average of GBX 4,426.56 and a two-hundred day moving average of GBX 4,640.70. 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 announced its quarterly earnings data on Tuesday, March 3rd. The company reported GBX 255.90 EPS for the quarter. Intertek Group had a net margin of 10.01% and a return on equity of 31.07%. As a group, equities research analysts expect that Intertek Group plc will post 263.7305699 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Jefferies Financial Group dropped their price target on shares of Intertek Group from GBX 5,800 to GBX 4,800 and set a "buy" rating on the stock in a research note on Thursday, March 5th. Citigroup reduced 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 report on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Intertek Group currently has an average rating of "Moderate Buy" and a consensus 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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