Intertek Group (LON:ITRK) Releases Quarterly Earnings Results

Intertek Group (LON:ITRK) announced its earnings results on Tuesday. The company reported GBX 242.60 ($3.10) EPS for the quarter, Digital Look Earnings reports. Intertek Group had a return on equity of 23.46% and a net margin of 9.19%.

Intertek Group Stock Down 1.1 %

ITRK opened at GBX 5,325 ($68.12) on Wednesday. Intertek Group has a one year low of GBX 4,394 ($56.21) and a one year high of GBX 5,575 ($71.32). The company has a debt-to-equity ratio of 103.83, a quick ratio of 1.19 and a current ratio of 1.27. The stock has a market capitalization of £8.55 billion, a P/E ratio of 27.75, a price-to-earnings-growth ratio of 1.99 and a beta of 0.63. The business’s 50-day simple moving average is GBX 5,006.46 and its 200-day simple moving average is GBX 4,885.83.

Analyst Ratings Changes

A number of research firms have issued reports on ITRK. JPMorgan Chase & Co. increased their target price on shares of Intertek Group from GBX 5,400 ($69.08) to GBX 5,500 ($70.36) and gave the stock an “overweight” rating in a report on Thursday, December 5th. Shore Capital upgraded Intertek Group to a “hold” rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 5,550 ($71.00).

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.