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Business & education services

Intertek seeks to justify its full valuation

Intertek Group PLC (LSE:ITRK) shares are up more than 15% this year, leading analysts from Shore Capital Markets in March to cite a full valuation of the FTSE 100-listed quality and safety services corporation.

This puts the onus on Intertek to justify its lofty £8 billion valuation when it posts its next trading update on Friday, 24 May.

Intertek is guiding towards mid-single-digit like-for-like revenue growth, margin progression and a strong free cash flow performance in the current financial year.

Investors hope to see progress on these fronts, with growth in new brands in the consumer division key to hitting targets.

Shares were swapping for 4,942p at the time of writing.

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