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ITRK Intertek Group Plc

4,906.00
56.00 (1.15%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Intertek Group Plc LSE:ITRK London Ordinary Share GB0031638363 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  56.00 1.15% 4,906.00 397,237 16:35:20
Bid Price Offer Price High Price Low Price Open Price
4,902.00 4,906.00 4,908.00 4,836.00 4,864.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Testing Laboratories 3.33B 297.4M 1.8438 26.60 7.91B
Last Trade Time Trade Type Trade Size Trade Price Currency
18:11:55 O 9,839 4,871.51 GBX

Intertek (ITRK) Latest News

Intertek (ITRK) Discussions and Chat

Intertek Forums and Chat

Date Time Title Posts
06/3/202416:52The Intertek Testing Services Thread179
25/11/201616:20Analysts' View on Intertek Group (ITRK)-
15/1/200313:16Intertek: Floated at a fair price?6

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Intertek (ITRK) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
17:12:184,871.519,839479,307.87O
17:10:584,874.9734917,013.64O
17:09:294,877.5623,5731,149,787.22O
17:01:394,875.494195.02O
16:42:234,867.061869,052.73O

Intertek (ITRK) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by Intertek Daily Update
Intertek Group Plc is listed in the Testing Laboratories sector of the London Stock Exchange with ticker ITRK. The last closing price for Intertek was 4,850p.
Intertek currently has 161,300,000 shares in issue. The market capitalisation of Intertek is £7,910,152,000.
Intertek has a price to earnings ratio (PE ratio) of 26.60.
This morning ITRK shares opened at 4,864p
Posted at 06/3/2024 16:52 by bigbigdave
*KEPLER CHEUVREUX RAISES INTERTEK PRICE TARGET TO 5000 (4500) PENCE - 'BUY'
Posted at 01/7/2023 10:25 by adamb1978
John - I think its a very good business, but buying on a 19x PE when growth is perhaps 4%-6% p.a. means there's no/limited scope for multiple appreciation. I'd certainly be interested if the price came off 10%-20%
Posted at 05/6/2021 14:08 by srichardson8
Yes very poor relative performance. I read in the morning's Times that Terry Smith had sold his position in February
though this doesn't tally with the fact that they are shown as still holding just under 5% at the beginning of March.
I would just note that the earnings recovery seems pretty pedestrian and the valuations on current forecasts hardly exciting though they are maintaining a fine RoCE. A 30% opposition to the remuneration proposals looks bad as well.
However, there was big volume (for this share) yesterday which often markes a turning point. I wouldn't be surprised if we see some recovery very soon.
Posted at 03/2/2021 20:18 by thewheeliedealer
Hi everyone,

My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast last week and part of our discussion includes ITRK which C3 suggested and I think he is on to something.

As always we also chatted about loads of other Stocks and Ideas for research and a fair bit of educational stuff with regards to Investing and Portfolio Management. We included a bit on ‘Lockdown Fever’ which our Listeners seem to have particularly enjoyed (a bit surprising !!).

Anyway, if you use Youtube, Apple, Audioboom, Overcast, Google+ or Spotify you can find it under the 'Conkers Corner' Channel (you want Podcast TPI 41) and you can find it on Soundcloud at the link below.

I hope you enjoy it and find it useful, we try to keep them light and they are totally unscripted, not like all the stuffy financial fodder you are probably more used to !!

Cheers, WD
@wheeliedealer
Posted at 25/11/2016 16:20 by arnu gutierrez
Potential reaction of Intertek Group (ITRK) to analysts' perspective on its stock
Posted at 28/1/2015 18:36 by jeffcranbounre
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Posted at 16/5/2014 08:04 by miata
IMS and AGM.

"We continue to anticipate improvement in growth and profitability in the second half of 2014 as market conditions are expected to improve and comparatives become easier."

Cantor
Group organic growth was just 0.3% in the four month to 30 April vs. +7% this time last year. Growth at constant exchange rates was +3.6% (+3.3% contribution from acquisitions) and at actual exchange rates sales were down 4.9%. There was strong growth in the consumer goods, commercial & electrical and chemicals & pharma divisions. However the group's overall performance was affected by deferrals of some energy industry capital projects and minerals also remained weak. In addition, the decision to exit low value contracts in the Industry division also had an adverse impact (this had already been flagged). Excluding these low value contracts, sales growth would have been +1.5%. The operating margin is said to have improved slightly reflecting the positive impact of restructuring. This is in-line, however, with our modelling assumptions, +20bps increase to 15.9% in FY14E.

We are currently forecasting organic growth of 5% for FY14E, expecting this to be 2H weighted as comps start to ease (1H13A +6.3%; 2H13A +2.3%). However, the start of the year has been slightly slower than we had been anticipating with quarterly trends continuing to weaken (1Q13 +7%, 2Q13 +5.6%, 3Q13 +3%, 4Q13 +1.6%). The outlook statement highlights that management continues to anticipate improvement in growth and profitability in 2H14 as market conditions improve and comps ease. The shares are trading on a FY14E P/E of 20.9x and FY15E PE of 18.9x vs. a through the cycle average of 19x. However, we note that the discount with its two European listed peers is close to a 5 year high. Peers SGS SA (SGSN VX – NC) is on 24.7x FY14E and 22.2x FY15E and Bureau Veritas SA (BVI FP – NC) is on 23.6x and 21.2x respectively. Bureau Veritas recently reported on its 1Q14 trading figures. Group organic growth picked up from +1.6% 4Q13 to +2.7% 1Q14A. We maintain our HOLD recommendation and TP of 3,065p.


RBC
Our view: Q1 growth was a little weaker than expected, which results
in another downgrade to forecasts. Whilst we like the fundamentals of
the story and believe growth will improve into H2, valuation remains an
issue and we are less optimistic than the market on medium-term margin
progression.
Key points:
Q1 trading – The Q1 trading statement was a touch weak with organic
revenue growth of only 0.3% (vs. 1.5% expected) for the first 4 months,
with margins improved slightly. Growth has slowed further from the 1% in
Nov/Dec, impacted by contract shedding as expected, along with weakerthan-
expected activity in the energy infrastructure market and tough
trading in Minerals. The outlook is mixed, pointing to variable market
conditions, although management anticipates improvement in growth
and profitability in H2.
Forecasts reduced – We have reduced our 2014 and 2015 EPS forecasts by
3%. We now forecast organic revenue growth of 2.7% for the FY and +20bp
on the margin. This clearly implies a material pick-up in H2, although
comparatives do get easier (H113 +6.3%, H213 +2.3%). We expect the
currency impact for the FY to be -7%, slightly more than the -6% we had
previously forecast.

Medium-term growth prospects sound – We continue to believe
top-line prospects remain sound over the medium term, given that
strong structural growth drivers remain (increasing need for energy
infrastructure as middle class emerges, changing trade patterns,
continuing technology and product development, increase in domestic
consumers) and the potential for bolt-on acquisitions. The potential for
the opening up of the Chinese market over time is a further opportunity.
But we are below consensus – We are less optimistic on margins than
the market – factoring in +30bp over 2 years vs. consensus of +70bp. This
primarily reflects concerns around mix and investment costs. As a result,
our 2015 forecasts were c6% below consensus (before today).
Valuation – The stock has underperformed the market by 13% over the last
12 months, but consensus forecasts have come down by around 16% so
the stock has kept its premium rating (15E PE 20x, FCF yield 3.9%). Whilst
trading should be approaching a cyclical low point and growth should
improve from here, valuation, in our view, remains full. Our price target
nudges down to 2950p from 3000p as a result of the EPS downgrades
today.
Posted at 09/5/2014 09:43 by miata
09 May 2014 Intertek Group PLC ITRK Credit Suisse Outperform 3,010.00 2,986.00 3,200.00 3,500.00 Upgrades
Posted at 16/1/2014 08:58 by miata
Worth analysing the seasonal January dip and February recovery on this share.

Possibly a US shareholder effect, take long-term gains in the next tax year and buyback after the wash-sale period ends.
Posted at 22/7/2013 09:53 by miata
22 Jul 2013 Intertek Group PLC ITRK Berenberg Buy 3,037.00 3,056.00 3,340.00 3,340.00
Intertek share price data is direct from the London Stock Exchange

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