Intertek Group Plc

11.00 (0.25%)
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
  11.00 0.25% 4,380.00 222,191 16:35:28
Bid Price Offer Price High Price Low Price Open Price
4,383.00 4,385.00 4,412.00 4,348.00 4,374.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Testing Laboratories 3,192.90 288.80 178.90 24.41 7,069.02
Last Trade Time Trade Type Trade Size Trade Price Currency
16:45:00 O 1,812 4,385.00 GBX

Intertek (ITRK) Latest News (1)

Intertek (ITRK) Discussions and Chat

Intertek Forums and Chat

Date Time Title Posts
25/9/202120:08The Intertek Testing Services Thread174
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

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Intertek (ITRK) Top Chat Posts

Top Posts
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


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
Interek is featured in today's ADVFN podcast.

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- Simon Wajcenberg from K1T Capital markets says, according to his quant models, the markets are going to crash.

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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."

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.

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
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

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
Posted at 16/5/2013 22:45 by broadwood
Intertek (LON:ITRK) may well be the least well known FTSE 100 company.

The testing laboratories operator is set to release a trading statement, with UBS expecting year-to-date year-on-year organic growth of 9%, in line with the 8.6% organic growth rate shown last year.

"Recent results from peer Bureau Veritas [BVI] showed a slowdown in Q1 with a cautious outlook on organic growth, but we note that ITRK has relatively low exposure to minerals (6% sales) and no Marine division, which were the two weakest areas for BVI," the Swiss bank said.

"For Intertek, we expect the main areas of focus to be the consumer division, given the slight slowdown observed in H2, and Industry & Commodities which slowed in H2 as expected," UBS added.

Posted at 05/3/2013 15:30 by broadwood
Broker snap: Intertek is a significant beneficiary of GBP weakness
Tue 05 Mar 2013

Broker snap: Intertek is a significant beneficiary of GBP weakness LONDON (SHARECAST) - Analysts at Credit Suisse expect shares of Intertek to gain, as margins recover in the second half of the year and the drop in Sterling benefits the company's results.

The Swiss broker is forecasting that the quality and safety services outfit will post an organic rate of growth for its fiscal year 2013 revenues of between 7% and 8%, weighed down in the first half of the year by continued weakness in Minerals (circa 5% of sales) and tough comparables.

"However, as growth accelerates in the second half, and aided by further BPO efficiencies and European restructuring, Intertek appears well placed for further material margin expansion," the broker writes.

As well, Intertek is expected to be a significant beneficiary from weakness in the Sterling/US dollar exchange rate, which affects approximately 55% of its sales and 65% of the company's profits.

Amongst the different additional catalysts which may have a bearing on the company's share price are: the release of its first half results on July 29th, further accretive acquisitions, weakness in the pound or increased commodity sector capital expenditure forecasts.

For all of the above reasons analysts at Credit Suisse have decided to raise their price target for the firm's shares to 3,850p from 3,550p before, while reiterating their outperform rating on its stock.

Intertek share price data is direct from the London Stock Exchange
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