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Intertek Group plc

 

Buy Intertek Group plc shares

INTERTEK GROUP PLC (ITRK) Shares

ABOUT INTERTEK GROUP PLC

Intertek Group plc, a British multinational assurance, inspection, product-testing and certification company, was incorporated in 1996 and has its headquarters in London in the United Kingdom.

The company provides quality and safety assurance to the construction, healthcare, food and transport industries.

The company had its origin in a marine surveying business founded by Caleb Brett in the 1890s, a testing laboratory established by Milton Hersey in Montreal in 1988, and a lamp testing centre established by Thomas Edison in 1896.

These businesses were all acquired by Inchcape plc in the early 1990s. Inchcape Testing Services was purchased by Charterhouse Capital Partners in 1996 and renamed Intertek.

Intertek assists companies to grow the value of their products, processes and assets to meet end users’ quality and safety expectations.

The company renders services to the textile, toys, electronics, building, heating and pharmaceutical, petroleum, minerals, automotive and food industries.

Today, the company employs approximately 42 000 people and operates from more than 100 locations worldwide.  

OVERVIEW OF INTERTEK GROUP PLC

  • Through its laboratory testing services, Intertek Group plc offers quality and safety assurance to industries worldwide.

  • It operates through three primary segments: Products, Trade and Resources.

  • Products comprise business lines related to ensuring the quality and safety of physical components and product. This segment also minimizes risk through assessing the operating process and quality management systems of its clientele.

  • The Trade segment includes three businesses: Cargo & Analytical Assessment business that does cargo inspections, analytical assessment, calibration and related research and technical services; Government & Trade Services that offers inspection services to governments to support trade activities, and Agriculture that provides analytical and testing services to global agricultural trading companies and growers.

  • The Resources division includes two business lines: Industry Services business and Minerals business.

  • The company delivers quality assurance expertise 24/7. It assists its clientele to ensure their products meet quality-, health- and safety standards for global markets. Intertek holds global accreditations and recognitions and its expertise in navigating market and supply-chain hurdles is unrivalled.

VISION & VALUES OF INTERTEK GROUP PLC

  • Intertek Group plc’s mission is to bring quality, safety and sustainability to life.
  • It strives to exceed customer’s expectations with innovative and bespoke assurance, testing, inspection and certification services for their operations and supply chain, seven days a week.
  • The company considers itself a global family that values diversity, precision, pace and passion.
  • It strives to provide exceptional value for shareholders who purchase company stock.

MARKET PERFORMANCE OF INTERTEK GROUP PLC

  • Intertek Group plc trades on the London Stock Exchange (LSE) under the stock symbol “ITRK”. The company is a constituent of the FTSE 100 Index.

  • For fiscal 2018, the company recorded total revenue of £ 2.801.2 million, operating income of £ 456.5 million and net income of £ 305.2 million.

  • Shareholders who buy or sell company shares can therefore expect solid dividends and returns on their investments.

Buy INTERTEK GROUP PLC stocks / shares – A Step by Step Guide how to Buy / Purchase INTERTEK GROUP PLC Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy INTERTEK GROUP PLC Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN INTERTEK GROUP PLC STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE INTERTEK GROUP PLC STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of INTERTEK GROUP PLC stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy INTERTEK GROUP PLC stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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