Testing and certification play trades at a substantial discount to historic average valuation
Intertek (ITRK) £52.30 Market cap: £8.5 billion Apparently, prior to its ultimately unconsummated tie-up talks with SGS (SGSN:SWX) , France’s Bureau Veritas’(BVI:EPA) first choice was to look at UK-listed peer Intertek (ITRK) . In our view investors should take heed of this signal from an industry player and snap up shares in the FTSE 100 constituent. Like its Swiss and French counterparts, Intertek is a leading player in the...