This stock will continue beating the FTSE, but prepare for a bumpy ride [Yahoo! Finance]
INTERTEK GROUP UNSP/ADR (IKTSY)
NASDAQ:AMEX Investor Relations:
intertek.com/investors
Company Research
Source: Yahoo! Finance
Our initial recommendation was largely based on an expectation that the provider of testing, assurance and inspection services would experience improved operating conditions. Indeed, the company's financial performance is highly cyclical, in terms of it being very dependent on the world economy's prospects, with demand for its services declining sharply during the pandemic. While it has benefited from a solid global economic performance over recent years, investors may naturally wonder whether this will continue. Restrictive monetary policy in the US and in other developed economies is arguably yet to have its full impact on GDP growth and could prompt a slowdown before the effects of ongoing interest rate cuts are more widely felt. In such a scenario, Intertek's share price could prove to be relatively volatile – especially since it trades on a rather rich price-to-earnings ratio of 22.9. This is substantially higher than the rating of around 19 that was present at the time of o
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News
- Intertek Group plc (OTCMKTS: IKTSY) was downgraded by analysts at Royal Bank of Canada from an "outperform" rating to a "sector perform" rating.MarketBeat
- Intertek Group plc (OTCMKTS: IKTSY) was upgraded by analysts at The Goldman Sachs Group, Inc. to a "strong-buy" rating.MarketBeat
- Intertek Group (LON:ITRK) Looks To Prolong Its Impressive Returns [Yahoo! Finance]Yahoo! Finance
- Power Leaves Corp. Invests in Validating Marketable Health Claims for its Coca Extract Products [Yahoo! Finance]Yahoo! Finance
- Intertek Announces Launch of New Global Regulatory Compliance Service Intertek AccessBusiness Wire