No Surprises as Intertek Trading Update Confirms Our Full-Year Growth Outlook
Intertek, one of the largest global players in the testing, inspection, and certification space, has released its trading update for the first 10 months of the year. Group revenue came in at GBP 2.3 billion, up 9.8% year on year or 1.9% organically, in line with our expectations for the full year. As such, we do not expect to make any changes to our GBX 3,650 fair value estimate for the stock, and we reiterate our narrow moat rating for the company.Headline growth of 9.8% over the 10-month peri...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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