Will shares in Rentokil Initial (RTO.L) continue to rally, setting new recent highs?

• Now trading at 526.09p (at time of writing), the share price performance has been very strong.
• Will it come to an end, or is this trend your friend?
• Could this be the ideal opportunity for momentum traders?
• Whilst momentum has been strong, traders should remember that past performance is not necessarily an indication of the future.
• Technical traders should be mindful of new events, which can influence price action. Check our website and news outlets for updates.
• Shares -0% from 12-month highs; +52% from 12 month lows.

Latest News

27 Feb:  Barclays Capital reiterates its overweight rating on Rentokil Initial (RTO) and increased the target price to 505p (from 445p).

27 Feb:  Peel Hunt reiterates its hold rating on Rentokil Initial (RTO) and increased the target price to 495p (from 460p).

27 Feb:  Continued innovation and robust digital performance increasded Rentokil’s turnover growth up 10.8% in 2019, as detailed in its annual results.

24 Feb:  Jefferies International has upgraded its rating on Rentokil Initial (RTO) to buy (from hold) and increased the target price to 620p (from 425p).

10 Jan:  RBC Capital Markets reiterates its sector performer rating on Rentokil Initial (RTO) and reduced the target price to 450p (from 470p).

07 Jan:  Credit Suisse has downgraded its rating on Rentokil Initial (RTO) to neutral (from outperform).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

Click to enlarge