Business Support Services

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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 2291p
DCC OUTPERFORM 30/06/09 N/A N/A 6404p
Electrocomponents plc UNDERPERFORM 01/04/21 N/A N/A 1070p
Hays plc OUTPERFORM 01/04/21 N/A N/A 165p
HomeServe plc OUTPERFORM 01/04/21 N/A N/A 1094p
Intertek Group plc UNDERPERFORM 01/04/21 N/A N/A 6150p
IWG plc OUTPERFORM 01/04/21 N/A N/A 366p
PageGroup plc OUTPERFORM 01/04/21 N/A N/A 557p
Rentokil Initial plc OUTPERFORM 01/04/21 N/A N/A 510p
RWS Holdings plc OUTPERFORM 01/04/21 N/A N/A 680p
Serco Group plc OUTPERFORM 01/04/21 N/A N/A 145p

DAVY VIEW

It was another busy week across the UK Business Services sector. IWG reported its Q1 results, which were in line – albeit we see strong potential from both Enterprise Accounts and further Franchise Agreements as the year progresses. Serco announced a new £350m contract with the Department for Work and Pensions (DWP) and also demonstrated strong underlying Q1 trading – we upgraded forecasts. Rollins (a key US peer to Rentokil Initial) reported strong Q1s.

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Apr 30 2021, 06:45 IST/BST

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