Intertek Group (LON:ITRK) Issues Earnings Results

Intertek Group (LON:ITRK) released its quarterly earnings results on Tuesday. The company reported GBX 242.60 ($3.08) 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 Up 6.9 %

Intertek Group stock opened at GBX 5,510 ($70.02) on Tuesday. Intertek Group has a 52 week low of GBX 4,394 ($55.84) and a 52 week high of GBX 5,550 ($70.53). The firm has a market cap of £8.85 billion, a price-to-earnings ratio of 28.72, a price-to-earnings-growth ratio of 1.99 and a beta of 0.63. The business’s 50-day moving average price is GBX 4,992.52 and its 200 day moving average price is GBX 4,881.01. The company has a quick ratio of 1.19, a current ratio of 1.27 and a debt-to-equity ratio of 103.83.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ITRK shares. JPMorgan Chase & Co. increased their price target on Intertek Group from GBX 5,400 ($68.62) to GBX 5,500 ($69.89) and gave the company an “overweight” rating in a research note on Thursday, December 5th. Shore Capital upgraded Intertek Group to a “hold” rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 5,550 ($70.53).

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.