Intertek Group (ITRK)

Sector:

Support

Index:

FTSE 100

4,648.00p
   
  • Change Today:
    -82.00p
  • 52 Week High: 5,240.00p
  • 52 Week Low: 3,776.00p
  • Currency: UK Pounds
  • Shares Issued: 161.39m
  • Volume: 525,218
  • Market Cap: £7,502m
  • RiskGrade: 130

RBC Capital downgrades Intertek to 'sector perform'

By Michele Maatouk

Date: Monday 21 Oct 2024

LONDON (ShareCast) - (Sharecast News) - RBC Capital Markets downgraded Intertek on Monday to 'sector perform' from 'outperform' and cut the price target to 5,000p from 5,200p.
"Intertek has performed well versus the wider sector year to date and now trades at what we deem to be fair value, taking into account recent FX movements and, we think, a less certain outlook for FY25," the bank said. "Thus we lower our rating to sector perform."

RBC said Intertek has struggled to shake off its reputation for overpaying for M&A historically, but it thinks attractive regional exposures, improved capital discipline and the lowest proportionate restructuring costs compared to peers historically, still hold their attractions for longer term investors.

"We still see ITRK as attractively positioned for the medium to longer term, but would wait for a better entry point after decent share price performance year to date."

At 1050 BST, the shares were down 3.2% at 4,954p.

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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 4,648.00p
Change Today -82.00p
% Change -1.73 %
52 Week High 5,240.00p
52 Week Low 3,776.00p
Volume 525,218
Shares Issued 161.39m
Market Cap £7,502m
RiskGrade 130

Intertek Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.88% below the market average95.88% below the market average95.88% below the market average95.88% below the market average95.88% below the market average
97.78% below the sector average97.78% below the sector average97.78% below the sector average97.78% below the sector average97.78% below the sector average
Price Trend
37.93% above the market average37.93% above the market average37.93% above the market average37.93% above the market average37.93% above the market average
9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average
Income
23.16% below the market average23.16% below the market average23.16% below the market average23.16% below the market average23.16% below the market average
28.81% below the sector average28.81% below the sector average28.81% below the sector average28.81% below the sector average28.81% below the sector average
Growth
35.55% below the market average35.55% below the market average35.55% below the market average35.55% below the market average35.55% below the market average
36.96% below the sector average36.96% below the sector average36.96% below the sector average36.96% below the sector average36.96% below the sector average

What The Brokers Say

Strong Buy 5
Buy 3
Neutral 7
Sell 3
Strong Sell 1
Total 19
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
  Interim Final
Ex-Div 12-Sep-24 30-May-24
Paid 08-Oct-24 21-Jun-24
Amount 53.90p 74.00p

Trades for 31-Oct-2024

Time Volume / Share Price
16:48 1,929 @ 4,660.95p
16:48 1,929 @ 4,657.69p
16:47 325 @ 4,660.95p
16:47 325 @ 4,657.69p
16:39 1,441 @ 4,648.00p

Intertek Key Personnel

CEO Andre Lacroix

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