Intertek Group (LON:ITRK) Releases Quarterly Earnings Results

Intertek Group (LON:ITRK) announced its quarterly earnings results on Friday. The company reported GBX 126.60 earnings per share (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 Price Performance

Shares of LON ITRK 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 stock 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. The company’s 50-day moving average is GBX 5,699.84 and its 200 day moving average is GBX 4,877.16. The company has a debt-to-equity ratio of 152.20, a current ratio of 1.08 and a quick ratio of 1.19.

Analysts Set New Price Targets

ITRK has been the subject of several research analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,000 price objective on shares of Intertek Group in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reissued 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 upgraded Intertek Group to an “outperform” rating and upped their target price for the company from GBX 4,475 to GBX 5,850 in a report on Tuesday, May 5th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Intertek Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 5,659.40.

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.