Intertek Group (LON:ITRK) Announces Quarterly Earnings Results

Intertek Group (LON:ITRK) released its quarterly earnings data on Tuesday. The company reported GBX 242.60 ($3.13) earnings per share (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 Performance

Shares of Intertek Group stock traded down GBX 40 ($0.52) during trading on Thursday, reaching GBX 5,210 ($67.16). The company’s stock had a trading volume of 393,081 shares, compared to its average volume of 1,091,146. The company has a quick ratio of 1.19, a current ratio of 1.27 and a debt-to-equity ratio of 103.83. The business’s 50-day moving average price is GBX 5,017.70 and its 200-day moving average price is GBX 4,890.34. Intertek Group has a 52 week low of GBX 4,394 ($56.64) and a 52 week high of GBX 5,575 ($71.86). The firm has a market cap of £8.36 billion, a PE ratio of 27.15, a P/E/G ratio of 1.99 and a beta of 0.63.

Analyst Ratings Changes

Several equities research analysts have issued reports on ITRK shares. JPMorgan Chase & Co. raised their price target on Intertek Group from GBX 5,400 ($69.61) to GBX 5,500 ($70.89) and gave the company an “overweight” rating in a report on Thursday, December 5th. Shore Capital raised shares of Intertek Group to a “hold” rating in a research report on Tuesday, November 19th. Finally, Berenberg Bank lifted their target price on shares of Intertek Group from GBX 5,800 ($74.76) to GBX 6,000 ($77.34) and gave the stock a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 5,675 ($73.15).

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.