Intertek Group PLC

Intertek Group provides Assurance, Testing, Inspection and Certification (ATIC) services. Co.'s segments comprised of Products, Trade and Resources. Co.'s products-related division consists of business lines that are focused on quality and safety of physical components and products, as well reducing risk through assessing the operating process and quality management systems of its customers. Co.'s trade division consists of three Global business lines, Cargo & Analytical Assessment, Government & Trade Services, and Agriculture business. Co.'s resources division consists of two business lines, Industry Services, and minerals business.
  • TickerITRK
  • ISINGB0031638363
  • ExchangeLondon Stock Exchange
  • SectorSupport Services
  • CountryUnited Kingdom

Analysts

Michael Field

Morningstar | A Slightly Soft Trading Update From Narrow-Moat Intertek

Narrow-moat tester Intertek produced a slightly underwhelming trading update for the first four months of the year, with organic revenue growth of 3.3%. While this level of growth is not completely out of step with the rate delivered over the last few years, it is a small climbdown from the 3.7% delivered in fiscal 2018, and given the improving operating environment in sectors such as oil and gas, one would have expected a slightly higher level of growth at this point in 2019. We are not making any changes to our estimates yet, however, given there is plenty of time remaining for growth to pic...

Michael Field

A Slightly Soft Trading Update From Narrow-Moat Intertek

Narrow-moat tester Intertek produced a slightly underwhelming trading update for the first four months of the year, with organic revenue growth of 3.3%. While this level of growth is not completely out of step with the rate delivered over the last few years, it is a small climbdown from the 3.7% delivered in fiscal 2018, and given the improving operating environment in sectors such as oil and gas, one would have expected a slightly higher level of growth at this point in 2019. We are not making ...

INTERTEK GROUP PLC. sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of INTERTEK GROUP PLC. (GB), active in the Business Support Services industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date May 17, 2019, the closing price was GBp 5,086.00 and its target price was estimated at GBp 4,570.24.

Expert Corporate Governance Service (ECGS)

Intertek Group - AGM 23 May 2019

Item 2: Approve the Remuneration Policy The changes proposed to the Remuneration Policy are acceptable given ECGS guidelines.  However, there are ongoing concerns with the remuneration policy. The maximum bonus exceeds guidelines, accelerated vesting is possible and benefits are excessive.  The LTI is overly reliant on EPS. Over-reliance on EPS could result in management making decisions to maximize profits for the short term, often at the expense of long term shareholder value.  Accordingly, we recommend that shareholders oppose this resolution.  Item 3: Approve the Remuneration Report The...

Michael Field

Morningstar | ITRK Updated Forecasts and Estimates from 30 Apr 2019

Narrow-moat Intertek produced full-year results that were in line with our expectations. Organic revenue growth was 3.7%, while operating margins continued to improve, rising by 40 basis points over the period on a constant-currency basis. We do not expect to make any material changes to our longer-term forecasts or to our GBX 3,900 fair value estimate aside from time-value-of-money movements. We believe the shares are currently overvalued. Divisionally, there was no departure from the growth pattern of previous years. Products, which generates almost 60% of group revenue, grew its top line a...

Michael Field

Morningstar | A Slightly Soft Trading Update From Narrow-Moat Intertek

Narrow-moat tester Intertek produced a slightly underwhelming trading update for the first four months of the year, with organic revenue growth of 3.3%. While this level of growth is not completely out of step with the rate delivered over the last few years, it is a small climbdown from the 3.7% delivered in fiscal 2018, and given the improving operating environment in sectors such as oil and gas, one would have expected a slightly higher level of growth at this point in 2019. We are not making any changes to our estimates yet, however, given there is plenty of time remaining for growth to pic...

Michael Field

A Slightly Soft Trading Update From Narrow-Moat Intertek

Narrow-moat tester Intertek produced a slightly underwhelming trading update for the first four months of the year, with organic revenue growth of 3.3%. While this level of growth is not completely out of step with the rate delivered over the last few years, it is a small climbdown from the 3.7% delivered in fiscal 2018, and given the improving operating environment in sectors such as oil and gas, one would have expected a slightly higher level of growth at this point in 2019. We are not making ...

Michael Field

Morningstar | ITRK Updated Forecasts and Estimates from 30 Apr 2019

Narrow-moat Intertek produced full-year results that were in line with our expectations. Organic revenue growth was 3.7%, while operating margins continued to improve, rising by 40 basis points over the period on a constant-currency basis. We do not expect to make any material changes to our longer-term forecasts or to our GBX 3,900 fair value estimate aside from time-value-of-money movements. We believe the shares are currently overvalued. Divisionally, there was no departure from the growth pattern of previous years. Products, which generates almost 60% of group revenue, grew its top line a...

Michael Field

Morningstar | ITRK Updated Star Rating from 26 Apr 2019

Narrow-moat Intertek produced full-year results that were in line with our expectations. Organic revenue growth was 3.7%, while operating margins continued to improve, rising by 40 basis points over the period on a constant-currency basis. We do not expect to make any material changes to our longer-term forecasts or to our GBX 3,900 fair value estimate aside from time-value-of-money movements. We believe the shares are currently overvalued. Divisionally, there was no departure from the growth pattern of previous years. Products, which generates almost 60% of group revenue, grew its top line a...

Michael Field

Intertek's Full-Year Results Stand Up to Inspection

Narrow-moat Intertek produced full-year results that were in line with our expectations. Organic revenue growth was 3.7%, while operating margins continued to improve, rising by 40 basis points over the period on a constant-currency basis. We do not expect to make any material changes to our longer-term forecasts or to our GBX 3,900 fair value estimate aside from time-value-of-money movements. We believe the shares are currently overvalued. Divisionally, there was no departure from the growth pa...

A director maiden bought 10,000 shares at 4,650p and

A director at Intertek Group maiden bought 10,000 shares at 4,650p and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The n...

Alexandre Iatrides ...
  • Alfred Glaser
  • Bruno Cavalier
  • Delphine Brault
  • Emira Sagaama
  • François Maury
  • Georges Dieng
  • Johanna Jourdain
  • Laurence Hofmann
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Pierre Corby
  • Sven Edelfelt
  • Sylvain Goyon
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/25/2019

Equities’ disconnect from the "pessimism" of the bond markets is obvious. The simultaneous choice of cyclicals and protection themes (growth/quality) is disturbing. What should we do when our annual objectives are being met? Avoid succumbing to the cyclical temptation, buy quality by avoiding overpaying the protection criterion linked exclusively to a healthy balance sheet structure. We present the results of a screening combining balance sheet and ROCE trends, which highlights five s...

Alexandre Iatrides ...
  • Alfred Glaser
  • Bruno Cavalier
  • Delphine Brault
  • Emira Sagaama
  • François Maury
  • Georges Dieng
  • Johanna Jourdain
  • Laurence Hofmann
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Pierre Corby
  • Sven Edelfelt
  • Sylvain Goyon
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 25/02/2019

La déconnection des actions avec le « pessimisme » des marchés obligataires est patente. Le plébiscite simultané des cycliques et des thématiques de protection (croissance/ qualité) est perturbant. Que faire alors que nos objectifs annuels sont atteints ? Eviter de succomber à la tentation cyclique, acheter la qualité en évitant de surpayer le critère protection lié uniquement à une structure bilancielle saine. Nous présentons les résultats d’un criblage combinant bilan et évolution d...

Charles Lepetitpas ...
  • Emira Sagaama
  • Nicolas David
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 02/25/2019

...

Charles Lepetitpas ...
  • Emira Sagaama
  • Nicolas David
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 25/02/2019

...

Anis Zgaya ...
  • Emira Sagaama
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Philippe Ourpatian
  • Roland Pfaender
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/28/2018

...

INTERTEK GROUP PLC. sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of INTERTEK GROUP PLC. (GB), active in the Business Support Services industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date May 17, 2019, the closing price was GBp 5,086.00 and its target price was estimated at GBp 4,570.24.

Ibrahim Firdaus

Intertek

Ibrahim Firdaus

Intertek

Ibrahim Firdaus

Intertek

Ibrahim Firdaus

Intertek

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Intertek Group plc (ITRK) - Oil & Gas - Deals and Alliances Profile

Summary Intertek Group plc (Intertek) is a provider of quality and safety solutions to various businesses across the globe. It offers services such as testing, inspection, certification, auditing, advisory services, quality assurance, consulting, sourcing, hazardous substance testing, analytical assessment, calibration and related research, among others. The company provides its services to manufacturers, retailers, governments and traders across various industries including aerospace and defense, chemicals, food and healthcare, medical and pharmaceutical, government and trade, energy and com...

Expert Corporate Governance Service (ECGS)

Intertek Group - AGM 23 May 2019

Item 2: Approve the Remuneration Policy The changes proposed to the Remuneration Policy are acceptable given ECGS guidelines.  However, there are ongoing concerns with the remuneration policy. The maximum bonus exceeds guidelines, accelerated vesting is possible and benefits are excessive.  The LTI is overly reliant on EPS. Over-reliance on EPS could result in management making decisions to maximize profits for the short term, often at the expense of long term shareholder value.  Accordingly, we recommend that shareholders oppose this resolution.  Item 3: Approve the Remuneration Report The...

Intertek – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Valérie GASTALDY

Analyse court terme - INTERTEK GROUP : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 4 707,89 p prochainement. Le prochain objectif est à 4 265,41 p, puis 4 057,72 p. Le franchissement de 5 051,69 p remettrait en cause la suite de la baisse.

Valérie GASTALDY

Short term view - INTERTEK GROUP : The background trend is clearly bearish.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at 4,707.89 p. The next target is at 4,265.41 p, then 4,057.72 p. Passing 5,051.69 p would question the continuation of the fall.

Valérie GASTALDY

Short term view - INTERTEK GROUP : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at 4,265.41 p. The background trend would be questioned should prices rise above 5,051.69 p.

Valérie GASTALDY

Analyse court terme - INTERTEK GROUP : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 4 265,41 p. La tendance de fond serait remise en cause en cas de franchissement de 5 051,69 p.

Valérie GASTALDY

Medium term view - INTERTEK GROUP : The trend is uncertain.

The trend is uncertain. Prices are falling and they may accelerate to the downside. A new bearish trend is attempting to emerge.

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