Intertek Group (LON:ITRK) Posts Quarterly Earnings Results

Key Points

• Intertek Group reported quarterly earnings of GBX 112.50 ($1.49) per share, with a return on equity of 23.46% and a net margin of 9.19%.
• Shares of Intertek Group traded down to GBX 4,610 ($60.90), with a fifty-two week range between GBX 4,044 and GBX 5,575.
• Shore Capital set a price target of GBX 4,500 ($59.45) on Intertek Group, maintaining a "hold" rating amid diverse outlooks from other analysts.

Intertek Group (LON:ITRK - Get Free Report) posted its earnings results on Friday. The company reported GBX 112.50 ($1.49) earnings per share 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 LON:ITRK traded down GBX 330 ($4.36) during trading on Friday, reaching GBX 4,610 ($60.90). The company had a trading volume of 1,085,244 shares, compared to its average volume of 1,478,067. Intertek Group has a fifty-two week low of GBX 4,044 ($53.42) and a fifty-two week high of GBX 5,575 ($73.65). The company has a debt-to-equity ratio of 103.83, a current ratio of 1.27 and a quick ratio of 1.19. The stock's fifty day moving average price is GBX 4,806.34 and its 200 day moving average price is GBX 4,859.09. The firm has a market capitalization of £7.40 billion, a price-to-earnings ratio of 24.03, a price-to-earnings-growth ratio of 1.99 and a beta of 0.63.

Analyst Upgrades and Downgrades

ITRK has been the topic of several research analyst reports. Shore Capital reaffirmed a "hold" rating and set a GBX 4,500 ($59.45) price target on shares of Intertek Group in a research report on Friday. JPMorgan Chase & Co. reaffirmed a "no recommendation" rating on shares of Intertek Group in a report on Thursday, July 17th. Berenberg Bank decreased their price target on shares of Intertek Group from GBX 6,000 ($79.26) to GBX 5,700 ($75.30) and set a "buy" rating for the company in a research note on Friday, May 30th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a GBX 5,000 ($66.05) price objective on shares of Intertek Group in a research report on Friday, July 11th.

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.

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