Intertek: UBS still a buyer, raises TP

(CercleFinance.com) - UBS highlights the solid financial year in 2024, Intertek's new margin target and its share buyback programme.


The analyst confirms his buy recommendation on the stock, raising his target price to 6,250 pence (from 5,900 pence), implying 21% upside potential for the British inspection and certification services group's shares.

FY 2024 delivered strong profits and the near-term outlook remains robust. A further share buyback of £350m, with a new margin target of >18.5% are likely to exceed expectations, UBS says.


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