Intertek Group (ITRK)

Sector:

Support

Index:

FTSE 100

5,324.00p
   
  • Change Today:
    -84.00p
  • 52 Week High: 6,170.00
  • 52 Week Low: 4,164.00
  • Currency: UK Pounds
  • Shares Issued: 161.39m
  • Volume: 45,798
  • Market Cap: £8,593m
  • RiskGrade: 173

Shore Capital downgrades Intertek to 'sell'

By Iain Gilbert

Date: Friday 21 Feb 2020

LONDON (ShareCast) - (Sharecast News) - Analysts at Shore Capital Markets downgraded British testing and assurance firm Intertek from 'hold' to 'sell' on Friday, stating it now anticipated a "slightly negative" earnings performance for 2020.
Shore Capital noted that Intertek was due to report on "robust development" across its operations on 3 March and said that, as always, it expects to see some differences in the growth mix, but with good recovery coming through and some firm margin progress.

"We like Intertek and believe that group has solid long-term prospects in a market-driven by technology evolution and by ratcheting up compliance and regulation," said the analysts.

However, with significant exposure to revenue flow from China, Shore Cap felt it was time to cut its forecasts for the current year given that the economic effects related to the Wuhan coronavirus would likely impact Intertek with negative operational leverage.

Shore Cap reduced its 2020 full-year revenue estimates for Intertek by ?70m, which cut its underlying earnings forecasts by roughly ?30m to ?525m. Pre-tax profits fell back 6% to ?486m and earnings per share slid from 223p to 209p.

"We also lower our FY2021F, taking a cautious view, with EPS falling from 237p to 226p (-5%), but with growth remerging," said the analysts.

Shore Cap also noted that until greater guidance with visibility emerges, it couldn't rule out further forecast reductions.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Intertek Market Data

Currency UK Pounds
Share Price 5,324.00p
Change Today -84.00p
% Change -1.55 %
52 Week High 6,170.00
52 Week Low 4,164.00
Volume 45,798
Shares Issued 161.39m
Market Cap £8,593m
RiskGrade 173

Intertek Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
93.95% below the market average93.95% below the market average93.95% below the market average93.95% below the market average93.95% below the market average
88.79% below the sector average88.79% below the sector average88.79% below the sector average88.79% below the sector average88.79% below the sector average
Price Trend
27.38% above the market average27.38% above the market average27.38% above the market average27.38% above the market average27.38% above the market average
23.21% above the sector average23.21% above the sector average23.21% above the sector average23.21% above the sector average23.21% above the sector average
Income
74.87% below the market average74.87% below the market average74.87% below the market average74.87% below the market average74.87% below the market average
69.44% below the sector average69.44% below the sector average69.44% below the sector average69.44% below the sector average69.44% below the sector average
Growth
8.75% below the market average8.75% below the market average8.75% below the market average8.75% below the market average8.75% below the market average
28.85% below the sector average28.85% below the sector average28.85% below the sector average28.85% below the sector average28.85% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 9
Sell 1
Strong Sell 5
Total 18
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Intertek Dividends

  Latest Previous
  Final Interim
Ex-Div 21-May-20 26-Sep-19
Paid 11-Jun-20 11-Oct-19
Amount 71.60p 34.20p

Trades for 14-Jul-2020

Time Volume / Share Price
13:34 37 @ 5,324.00p
13:34 100 @ 5,324.00p
13:33 60 @ 5,326.00p
13:33 74 @ 5,324.00p
13:33 105 @ 5,324.00p

Intertek Key Personnel

Chair David E Reid
CEO Andre Lacroix
CFO Ross McCluskey

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