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Pin to quick picksIntertek Group Share News (ITRK)

Share Price Information for Intertek Group (ITRK)

London Stock Exchange
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Share Price: 5,025.00
Bid: 5,005.00
Ask: 5,010.00
Change: 71.00 (1.43%)
Spread: 5.00 (0.10%)
Open: 5,145.00
High: 5,145.00
Low: 4,966.00
Prev. Close: 4,954.00
ITRK Live PriceLast checked at -

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BUZZ-Intertek: bounces after testing times

Mon, 02nd Mar 2015 09:03

** Shares in product testing co Intertek, whichhave sustained heavy losses on oil price plunge, in grasp of3.5-mth highs as posts broadly in-line FY & marginally improvedoutlook

** Stock, up 3.2 pct, top FTSE 100 riser & mostactively traded stock on index with a third of 90-day daily avgvolume having gone through

** Posts FY2014 EPS of 132.1p vs consensus of 132.8p

** Co helped by demand for testing in the textile,electrical & building products sectors

** In 2015 expects organic revenue growth rate to improvegradually vs 2014 growth rate, & further out expects near-termnegative headwinds in its oil & gas capex business to ease

** Co, the most heavily exposed to oil & gas of its peers,has lost 16 pct of its value since mid-May peak; contrasts withrespective drops of 9.6 pct & 13 pct at Bureau Veritas & SGS over period

** Goldman recently highlighted that Intertek would be a keybeneficiary of stronger US dollar vs euro

** Co tests products from barrels of oil to children's toysto check that they comply with regulations (RM: tricia.wright1.thomsonreuters.com@reuters.net)

More News
9 May 2023 07:52

Broker tips: IAG, Intertek

(Sharecast News) - Liberum reiterated its 'buy' recommendation on BA and Iberia owner IAG on Tuesday, and lifted its price target to 350p from 240p as it said positive earnings momentum was set to continue.

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3 May 2023 10:48

Intertek unveils new segmental growth strategy

(Sharecast News) - Quality assurance and testing specialist Intertek took the wraps off its new 'Intertek 30 AAA' growth strategy on Wednesday, aiming to unlock significant value growth opportunities.

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3 May 2023 09:34

IN BRIEF: Intertek trading in line with guidance, updates growth plans

Intertek Group PLC - London-based quality assurance service provider - Says current trading for 2023 is in line with guidance. Expects to invest around GBP115 million to GBP125 million in capital expenditure and financial net debt to be in the range of GBP630 million to GBP680 million in 2023. Announces 'Intertek 30 AAA' growth strategy, including plans for a "stronger portfolio poised for faster growth", targeting mid-single-digit like-for-like revenue growth at constant currency and to return margin to 17.5% peak "and beyond". This is alongside higher cash generation to fuel growth investments and deliver strong returns, as well as "more agile organisation and high-performance capability to unlock significant value growth opportunity".

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Greener pastures ahead for Europe's ESG

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3 Apr 2023 10:04

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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3 Apr 2023 08:06

LONDON BRIEFING: Stocks open higher ahead of PMI readings

(Alliance News) - Stocks in London opened higher on Monday morning, ahead of a slew of PMI scores in Europe and the US, whilst oil prices surged after a surprise Opec production cut.

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