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Jan 26 2022, 06:45 GMT
Business Support Services
When growth becomes value…
- Sectors : Business Support Services
- Companies : Bunzl plc | Hays plc | Intertek Group plc | RS Group plc | Essentra | RWS Holdings plc | HomeServe plc | Serco Group plc | DCC | IWG plc | Rentokil Initial plc | PageGroup plc
Ratings
Ratings and price correct at time of issue
| Company | Rating | Date | Previous Rating | Date | Closing Price |
|---|---|---|---|---|---|
| Bunzl plc | UNDERPERFORM | 26/01/22 | Neutral | 06/08/21 | 2699p |
| DCC | OUTPERFORM | 30/06/09 | N/A | N/A | 6124p |
| RS Group plc | NEUTRAL | 26/01/22 | Underperform | 01/04/21 | 1077p |
| Essentra | OUTPERFORM | 08/11/21 | N/A | N/A | 330p |
| Hays plc | OUTPERFORM | 01/04/21 | N/A | N/A | 146p |
| HomeServe plc | OUTPERFORM | 01/04/21 | N/A | N/A | 777p |
| Intertek Group plc | UNDERPERFORM | 01/04/21 | N/A | N/A | 5284p |
| IWG plc | OUTPERFORM | 01/04/21 | N/A | N/A | 280p |
| PageGroup plc | OUTPERFORM | 01/04/21 | N/A | N/A | 580p |
| Rentokil Initial plc | OUTPERFORM | 01/04/21 | N/A | N/A | 521p |
| RWS Holdings plc | OUTPERFORM | 01/04/21 | N/A | N/A | 500p |
| Serco Group plc | OUTPERFORM | 01/04/21 | N/A | N/A | 131p |
DAVY VIEW
This report concludes that a change of year does not demand radical change in recommendations. However, we have reassessed our preferences in light of the recent growth rout while suggesting greater emphasis on valuation as we enter 2022E.
