Intertek Group (LON:ITRK) Posts Earnings Results

Intertek Group (LON:ITRK) announced its quarterly 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 29.86% and a net margin of 9.07%.

Intertek Group Trading Up 0.1%

Shares of ITRK stock opened at GBX 5,840 on Friday. Intertek Group has a 1-year low of GBX 3,519.42 and a 1-year high of GBX 5,850. The company has a current ratio of 1.10, a quick ratio of 1.19 and a debt-to-equity ratio of 179.40. The stock has a market cap of £8.96 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 1.99 and a beta of 0.97. The stock has a 50-day moving average of GBX 5,699.84 and a 200-day moving average of GBX 4,877.16.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ITRK shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 5,030 price objective on shares of Intertek Group in a research note on Thursday, April 16th. Jefferies Financial Group reissued a “buy” rating and set a GBX 6,000 target price on shares of Intertek Group in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada upgraded shares of Intertek Group to an “outperform” rating and upped their price target for the company from GBX 4,475 to GBX 5,850 in a research report on Tuesday, May 5th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 5,659.40.

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.