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Apr 1 2021, 07:05 IST/BST
Business Support Services
Initiation summary
- Sectors : Business Support Services
- Companies : Bunzl plc | Hays plc | Intertek Group plc | IWG plc | PageGroup plc | RWS Holdings plc | HomeServe plc | Serco Group plc | Rentokil Initial plc | RS Group plc
Ratings
Ratings and price correct at time of issue
| Company | Rating | Date | Previous Rating | Date | Closing Price |
|---|---|---|---|---|---|
| Bunzl plc | OUTPERFORM | 01/04/21 | N/A | N/A | 2338p |
| RS Group plc | UNDERPERFORM | 01/04/21 | N/A | N/A | 997p |
| Hays plc | OUTPERFORM | 01/04/21 | N/A | N/A | 150p |
| HomeServe plc | OUTPERFORM | 01/04/21 | N/A | N/A | 1203p |
| Intertek Group plc | UNDERPERFORM | 01/04/21 | N/A | N/A | 5626p |
| IWG plc | OUTPERFORM | 01/04/21 | N/A | N/A | 340p |
| PageGroup plc | OUTPERFORM | 01/04/21 | N/A | N/A | 475p |
| Rentokil Initial plc | OUTPERFORM | 01/04/21 | N/A | N/A | 487p |
| RWS Holdings plc | OUTPERFORM | 01/04/21 | N/A | N/A | 615p |
| Serco Group plc | OUTPERFORM | 01/04/21 | N/A | N/A | 137p |
DAVY VIEW
We provide a brief overview of our initial series of ten UK business services initiations published today. We are largely positive on this selection of companies – all are major players within their industries and some are global market leaders. We are most keen on the structural growth opportunities in the sector at this point, albeit there are secular trends across the entire portfolio.
