Rentokil Initial plc

Hygiene joins the party

  • Sectors : Business Support Services
  • Companies : Rentokil Initial plc

Ratings and price correct at time of issue.

  • Rentokil Initial plc

    Closing Price: 487p

  • RATING 01/04/21

  • PREVIOUS RATING N/A

DAVY VIEW

In our opinion, Rentokil Initial has transitioned under CEO Andy Ransom’s leadership into commanding the best global footprint amongst the major pest control operators in a market which we see as ripe for major consolidation. Hygiene, via improved growth potential, and Protect and Enhance bring optionality. We initiate with an ‘Outperform’ recommendation.

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Apr 1 2021, 07:00 IST/BST

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