Intertek Group (ITRK)

Sector:

Support

Index:

FTSE 100

4,985.00p
   
  • Change Today:
      16.00p
  • 52 Week High: 5,062.00
  • 52 Week Low: 3,755.00
  • Currency: UK Pounds
  • Shares Issued: 161.39m
  • Volume: 50,199
  • Market Cap: £8,045m
  • RiskGrade: 130

Citi upgrades Intertek to 'buy'

By Iain Gilbert

Date: Tuesday 27 Sep 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Citi upgraded their rating on testing laboratories company Intertek to 'buy' on Tuesday, citing further conviction in the firm's resources margin outlook.
Citi stated that Intertek's trade and resources unit was "underappreciated, with its new rating on the stock being based on a view that consensus does not fully factor in operational leverage on any recovery within the trade division - or the potential for the group to benefit further from increasing energy capex than the market expects.

"Today, we highlight (i) further conviction in the margin and growth outlook within the resources division; and (ii) the regulatory and innovation backdrop remains solid for products, especially given easy 2023E comps," said Citi.

"We raise our FY23E EBITA forecast 3% to £635.0m, with FX a further tailwind. This is 10% above Visible Alpha consensus."





Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Intertek Market Data

Currency UK Pounds
Share Price 4,985.00p
Change Today 16.00p
% Change 0.32 %
52 Week High 5,062.00
52 Week Low 3,755.00
Volume 50,199
Shares Issued 161.39m
Market Cap £8,045m
RiskGrade 130

Intertek Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
97.48% below the market average97.48% below the market average97.48% below the market average97.48% below the market average97.48% below the market average
95.56% below the sector average95.56% below the sector average95.56% below the sector average95.56% below the sector average95.56% below the sector average
Price Trend
69.71% above the market average69.71% above the market average69.71% above the market average69.71% above the market average69.71% above the market average
38.61% above the sector average38.61% above the sector average38.61% above the sector average38.61% above the sector average38.61% above the sector average
Income
42.42% below the market average42.42% below the market average42.42% below the market average42.42% below the market average42.42% below the market average
75.38% below the sector average75.38% below the sector average75.38% below the sector average75.38% below the sector average75.38% below the sector average
Growth
54.18% below the market average54.18% below the market average54.18% below the market average54.18% below the market average54.18% below the market average
76% below the sector average76% below the sector average76% below the sector average76% below the sector average76% below the sector average

What The Brokers Say

Strong Buy 5
Buy 3
Neutral 5
Sell 3
Strong Sell 1
Total 17
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Intertek Dividends

  Latest Previous
  Final Interim
Ex-Div 30-May-24 14-Sep-23
Paid 21-Jun-24 06-Oct-23
Amount 74.00p 37.70p

Trades for 28-Mar-2024

Time Volume / Share Price
15:39 30 @ 4,985.00p
15:39 18 @ 4,985.00p
15:39 8 @ 4,985.00p
15:39 8 @ 4,985.00p
15:39 59 @ 4,986.00p

Intertek Key Personnel

CEO Andre Lacroix

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