Intertek Group (LON:ITRK) Releases Quarterly Earnings Results

Intertek Group (LON:ITRK) issued its earnings results on Friday. The company reported GBX 126.60 EPS for the quarter, Digital Look Earnings reports. Intertek Group had a return on equity of 31.07% and a net margin of 10.01%.

Intertek Group Stock Up 0.1%

Shares of LON:ITRK traded up GBX 5 during midday trading on Friday, hitting GBX 5,840. 466,247 shares of the stock were exchanged, compared to its average volume of 10,512,996. The company has a market capitalization of £8.96 billion, a PE ratio of 27.04, a P/E/G ratio of 1.99 and a beta of 0.97. Intertek Group has a 52-week low of GBX 3,519.42 and a 52-week high of GBX 5,850. 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 business’s fifty day simple moving average is GBX 5,692.64 and its two-hundred day simple moving average is GBX 4,870.38.

Analyst Ratings Changes

Several brokerages recently issued reports on ITRK. Jefferies Financial Group reissued a “buy” rating and issued a GBX 6,000 price objective on shares of Intertek Group in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 5,030 target price on shares of Intertek Group in a research note on Thursday, April 16th. Finally, Royal Bank Of Canada raised shares of Intertek Group to an “outperform” rating and increased their price target for the stock from GBX 4,475 to GBX 5,850 in a research report on Tuesday, May 5th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 5,466.17.

Intertek Group Company Profile

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.