Rentokil Initial (RTO)

Sector:

Support

Index:

FTSE 100

472.70p
   
  • Change Today:
      0.20p
  • 52 Week High: 655.20
  • 52 Week Low: 392.50
  • Currency: UK Pounds
  • Shares Issued: 2,524.54m
  • Volume: 533,614
  • Market Cap: £11,934m
  • RiskGrade: 127

Deutsche Bank upgrades Rentokil to 'buy'

By Michele Maatouk

Date: Thursday 23 Jun 2022

LONDON (ShareCast) - (Sharecast News) - Deutsche Bank upgraded Rentokil Initial on Thursday to 'buy' from 'hold', as it highlighted the potential for a resilient performance and benefits from the Terminix acquisition.
It said the wider pest control industry has experienced consistent growth through the cycle in the USA, with no year of nominal revenue decline since 1988, and only four in real terms. "We believe this should result in a resilient performance in the event of weakening economy," DB said, adding that industry data indicates prices are rising to offset costs.

DB also said the Terminix deal has the potential to be significantly value-enhancing.

"The recent SEC filing indicated that Terminix's own internal projections are substantially higher than market forecasts for 2023+ and they assume $175m synergies are possible," the bank said.

Deutsche left its price target on Rentokil shares unchanged at 550p.

Rentokil agreed last year to buy US extermination company Terminix in a $6.7bn deal.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

RTO Market Data

Currency UK Pounds
Share Price 472.70p
Change Today 0.20p
% Change 0.04 %
52 Week High 655.20
52 Week Low 392.50
Volume 533,614
Shares Issued 2,524.54m
Market Cap £11,934m
RiskGrade 127

RTO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.01% below the market average98.01% below the market average98.01% below the market average98.01% below the market average98.01% below the market average
91.11% below the sector average91.11% below the sector average91.11% below the sector average91.11% below the sector average91.11% below the sector average
Price Trend
33.37% below the market average33.37% below the market average33.37% below the market average33.37% below the market average33.37% below the market average
46.53% below the sector average46.53% below the sector average46.53% below the sector average46.53% below the sector average46.53% below the sector average
Income
80.3% below the market average80.3% below the market average80.3% below the market average80.3% below the market average80.3% below the market average
81.54% below the sector average81.54% below the sector average81.54% below the sector average81.54% below the sector average81.54% below the sector average
Growth
56.31% above the market average56.31% above the market average56.31% above the market average56.31% above the market average56.31% above the market average
48.00% above the sector average48.00% above the sector average48.00% above the sector average48.00% above the sector average48.00% above the sector average

What The Brokers Say

Strong Buy 4
Buy 4
Neutral 6
Sell 1
Strong Sell 2
Total 17
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

RTO Dividends

  Latest Previous
  Final Interim
Ex-Div 04-Apr-24 03-Aug-23
Paid 15-May-24 11-Sep-23
Amount 5.93p 2.75p

Trades for 28-Mar-2024

Time Volume / Share Price
14:00 458 @ 472.70p
14:00 194 @ 472.70p
14:00 1,000 @ 472.60p
14:00 200 @ 472.60p
14:00 590 @ 472.70p

RTO Key Personnel

CEO Andy M. Ransom
Chair Richard Solomons
CFO Stuart Ingall- Tombs

Top of Page