Will shares in Rentokil Initial (RTO.L) continue to push upwards, reaching new highs?

• Now trading at 402.1p (at time of writing), the share price momentum 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?
• Shares -23% from 12-month highs; +18% from 12 month lows.

Latest News

08 Apr:  Jefferies International reiterates its buy rating on Rentokil Initial (RTO) and reduced the target price to 520p (from 620p).

01 Apr:  Deutsche Bank reiterates its hold rating on Rentokil Initial (RTO) and reduced the target price to 390p (from 460p).

30 Mar:  RBC Capital Markets has upgraded its rating on Rentokil Initial (RTO) to outperform (from sector performer) and reduced the target price to 420p (from 450p).

25 Mar:  Rentokil Initial, the pest control group, announced that it had suspended dividends and withdrawn its 2020 guidance, as the covid-19 crisis has had a ‘significant impact’ on performance.

23 Mar:  Credit Suisse reiterates its neutral rating on Rentokil Initial (RTO) and reduced the target price to 360p (from 450p).

20 Mar:  HSBC has downgraded its rating on Rentokil Initial (RTO) to hold (from buy) and reduced the target price to 390p (from 515p).

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

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