Intertek Group (LON:ITRK) Posts Earnings Results

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

Intertek Group Stock Up 0.1%

Shares of ITRK stock traded up GBX 5 during mid-day trading on Friday, reaching GBX 5,840. 466,247 shares of the company were exchanged, compared to its average volume of 10,512,996. 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 50 day simple moving average is GBX 5,692.64 and its 200 day simple moving average is GBX 4,870.38. The company has a market capitalization of £8.96 billion, a P/E ratio of 27.04, a P/E/G ratio of 1.99 and a beta of 0.97. Intertek Group has a fifty-two week low of GBX 3,519.42 and a fifty-two week high of GBX 5,850.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ITRK. Royal Bank Of Canada raised shares of Intertek Group to an “outperform” rating and raised their price target for the company from GBX 4,475 to GBX 5,850 in a report on Tuesday, May 5th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 6,000 price objective on shares of Intertek Group in a research report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 5,030 target price on shares of Intertek Group in a research note on Thursday, April 16th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 5,466.17.

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.