Intertek Group PLC
ITRK: XLON (GBR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
GBX 2,647.00 | Qqvzzd | Lqkbbdgd |
Intertek Earnings: Back on Track
Intertek has lagged its peers for more than a year now, but narrow-moat Intertek is finally catching up in terms of performance. Like-for-like growth of more than 7%, combined with improving operating margins, marks a solid half-year set of results. We don’t expect to make any material changes to our forecasts on the back of this announcement. Our GBX 5,700 fair value estimate offers significant upside from the current share price.