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Pin to quick picksIntertek Group Share News (ITRK)

Share Price Information for Intertek Group (ITRK)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 5,040.00
Bid: 5,035.00
Ask: 5,040.00
Change: 30.00 (0.60%)
Spread: 5.00 (0.099%)
Open: 5,025.00
High: 5,055.00
Low: 5,020.00
Prev. Close: 5,010.00
ITRK Live PriceLast checked at -

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Broker tips: Intertek, Unilever, Greggs

Tue, 06th Aug 2013 10:51

RBC Capital Markets has upgraded its rating for Intertek from 'underperform' to 'sector perform', providing a boost to the quality control and testing group's stock on Tuesday morning."We like the testing structural growth story, comps are now more benign and we see a pick-up in M&A as likely. Whilst valuation is still full, we now see limited downside risk."JPMorgan Cazenove has downgraded its rating for consumer products giant Unilever from 'overweight' to 'neutral', saying that earnings downside still persists."Despite the slide in earnings year to date we see further earnings risks at Unilever, as the market has yet to factor in a slower top line growth and muted margin rise as management reinvests to grow. Top line should not only bear the brunt of cyclically lower inflation, but Unilever's market share gain success story is loosing steam while competition is heating up."The share price of Greggs fell heavily on Tuesday morning after the bakery chain reported lower-than-forecast results, something which now raises the execution risk at the company, according to Canaccord Genuity.The broker maintained its 'sell' rating for the stock and cut its target price from 380p to 330p, saying: "There is a significant amount of work to be done and execution risk is high."BC
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Intertek buys Brazilian environmental analysis firm Controle Analitico

(Alliance News) - Intertek Group PLC on Monday said it has agreed to buy Controle Analitico Analises Tecnicas Itda, a provider of environmental analysis with a focus on water testing.

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Intertek to buy Brazilian environmental analysis provider Controle Analitico

(Sharecast News) - Intertek said on Monday that it has agreed to buy Controle Analítico, a Brazilian provider of environmental analysis with a focus on water testing, for an undisclosed sum.

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Intertek appoints new chief financial officer, effective immediately

(Alliance News) - Intertek Group PLC on Monday said it appointed a new chief financial officer with immediate effect.

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Intertek appoints Colm Deasy as new CFO

(Sharecast News) - Intertek said on Monday that it has appointed Colm Deasy as group chief financial officer and as an Executive Board director.

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TOP NEWS: Intertek profit grows mildly; falls short of consensus

(Alliance News) - Intertek Group PLC on Tuesday reported a slightly higher profit for 2022 and noted confidence for 2023 with China opening up at the start of the year.

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