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Home / Momentum / Rentokil Initial (RTO.L) 27-02-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Rentokil Initial (RTO.L) 27-02-20

Will Rentokil Initial (RTO.L) continue this relentless rise, setting new highs?

 

  • Currently trading at 511.4p (at time of writing), performance has been exceptional of late.
  • Will it hit resistance, or is the trend your friend?
  • Is this one for momentum traders?
  • The price has been moving upwards, however, past performance is not necessarily an indication of the future.
  • Technical traders should be mindful of breaking news and events. This can influence price trends. Check our website and news outlets for updates.
  • Shares -0% from 12-month highs; +48% from 12 month lows.

Latest News

10:20:  Barclays Capital reiterates its overweight rating on Rentokil Initial (RTO) and increased the target price to 505p (from 445p).

09:40:  Peel Hunt reiterates its hold rating on Rentokil Initial (RTO) and increased the target price to 495p (from 460p).

07:29:  Rentokil, the pest control group, posted revenue growth up 10.8% in 2019, according to its annual numbers. Ongoing revenues were up 8.6%.

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

 

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