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Home / Momentum / Rentokil Initial (RTO.L) 14-04-20

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

Rentokil Initial (RTO.L) 14-04-20

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25 Mar:  Rentokil Initial, the pest control group, announced that it had suspended dividends and withdrawn its 2020 guidance, as the covid-19 crisis has had a ‘significant impact’ on performance.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

Click to enlarge

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.

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