Intertek Group (LON:ITRK) Issues Quarterly Earnings Results

Intertek Group (LON:ITRK) released its earnings results on Tuesday. The company reported GBX 242.60 ($3.08) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Intertek Group had a net margin of 9.19% and a return on equity of 23.46%.

Intertek Group Stock Up 7.8 %

Intertek Group stock opened at GBX 5,555 ($70.59) on Tuesday. The stock’s fifty day moving average is GBX 4,992.52 and its two-hundred day moving average is GBX 4,881.01. The stock has a market cap of £8.92 billion, a PE ratio of 28.95, a P/E/G ratio of 1.99 and a beta of 0.63. Intertek Group has a 1-year low of GBX 4,394 ($55.84) and a 1-year high of GBX 5,570 ($70.78). The company has a debt-to-equity ratio of 103.83, a current ratio of 1.27 and a quick ratio of 1.19.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Shore Capital raised Intertek Group to a “hold” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. upped their price target on Intertek Group from GBX 5,400 ($68.62) to GBX 5,500 ($69.89) and gave the stock an “overweight” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.