RBC Capital shifts ratings on business services sector stocks
13th Oct 2016 12:48
(ShareCast News) - RBC Capital Markets initiated coverage of several stocks and changed its recommendations as it took a look at the business services sector. The bank started Ashtead at 'outperform' with a 1,580p price target, saying it sees a robust US market, while the branch rollout and discipli
Read moreBroker tips: EasyJet, Rentokil, Meggitt
9th Aug 2016 15:56
(ShareCast News) - EasyJet flew higher on Tuesday after Cantor Fitzgerald upgraded the stock to 'buy' from 'hold' and lifted the price target to 1,300p from 1,200p. The brokerage said EasyJet's low-cost business model is resilient and has generated strong profits and taken significant market share i
Read moreCredit Suisse raises Rentokil target price
9th Aug 2016 10:49
(ShareCast News) - Credit Suisse raised its target price on Rentokil to 235p from 225p on Tuesday and reiterated an 'outperform' rating for the pest control business. The Swiss bank lifted its earnings per share estimates on Rentokil for fiscal years 2016-2018 by 3-5%, reflecting foreign exchange be
Read moreRentokil Initial lifts interims
28th Jul 2016 11:22
(ShareCast News) - Pest controller Rentokil Initial said interim pre-tax profits rose to £74.9m from £68.6m, adding that it remained on track to met full year expectations despite "challenging conditions" in parts of Europe. Revenue rose to £935.5m from £845.5m and the company lifted the dividend by
Read moreRentokil and Google hatch plan to catch rats via the Internet of Things
27th Jul 2016 08:16
(ShareCast News) - Royal ratcatcher Rentokil Initial is becoming an online ratcatcher after it teamed up with Google and consultancy PA to provide a 'digital pest control' service that will employ internet of things (IoT) technology to not only monitor infestations but then also predict rodent behav
Read moreBroker tips: Rentokil Initial, Glencore, UK real estate stocks
18th Jul 2016 15:57
(ShareCast News) - HSBC raised its rating on Rentokil Initial to 'hold' from 'reduce' and lifted its target price to 190p from 145p on Monday. The bank said the pest control company's international businesses are likely to benefit from a weaker pound. "Our target price implies 7% downside from the
Read moreMonday broker round-up
18th Jul 2016 13:20
(ShareCast News) - Experian: Barclays reiterates overweight with a target price of 1,550p. Rentokil: HSBC upgrades to hold with a 190p target. Card Factory: UBS reiterates buy with a 295p target. Capital & Regional: HSBC starts coverage at buy with a 61p target. Unilever: Goldman Sachs reiterates
Read moreRentokil Inital raised to 'hold' from 'reduce' by HSBC
18th Jul 2016 09:42
(ShareCast News) - HSBC raised its rating on Rentokil Initial to 'hold' from 'reduce' and lifted its target price to 190p from 145p on Monday. The bank said the pest control company's international businesses are likely to benefit from a weaker pound. "Our target price implies 7% downside from the
Read moreBroker tips: Moneysupermarket, McBride, Rentokil
11th Jul 2016 14:12
(ShareCast News) - Moneysupermarket.com Group was upgraded to a 'buy' rating from 'hold' but had its target price cut to 325p from 352p on Monday by Canaccord Genuity ahead of the company's trading update later in the week. Canaccord said it expects the financial services price comparison website to
Read moreRBC bumps up target price for Rentokil, retains as 'top pick'
11th Jul 2016 10:18
(ShareCast News) - Things were still looking up for Rentokil despite the strong run which the shares had enjoyed year-to-date, which had seen them outperform the Footsie by 23%, analysts at RBC said. Following recent movements in foreign exchange markets and acquistions by the company the broker bum
Read moreSlump in sterling to help Rentokil; unveils US Zika contract win, acquisition
7th Jul 2016 07:55
(ShareCast News) - Rentokil Initial said the fall in sterling post Brexit would boost 2016 profits by £25m - £30m, a rise of £10m - £15m on previous guidance. In a series of announcements on Thursday, Rentokil also said it was making a $30m US acquisition and had won an American contract to help bat
Read moreMonday broker round-up
6th Jun 2016 12:55
(ShareCast News) - Wolseley: JP Morgan reiterates neutral with a target price of 4100p. Cairn Energy: RBC reiterates sector perform with a 250p target. Shire: Jefferies reiterates buy with a target price of 6050p and Exane BNP Paribas stays at outperform. Cobham: JP Morgan keeps at neutral with a
Read moreRentokil Initial posts strong start to year
20th Apr 2016 08:22
(ShareCast News) - Royal rat-catcher Rentokil Initial posted a strong start to the year on Wednesday, with growth across most of its businesses and a number of acquisitions in its first quarter. The FTSE 250 business services group reported revenue from ongoing operations growth of 11.,8% during the
Read moreRentokil boosted by Credit Suisse upgrade
17th Mar 2016 15:36
(ShareCast News) - Rentokil Initial got a boost on Thursday after Credit Suisse upgraded its stance on the stock to 'outperform' from 'neutral' and lifted the price target to 190p from 155p. The bank said that as Pest Control - which it reckons is Rentokil's strongest and most attractive operation -
Read moreRentokil full year profit slips but dividend lifted
25th Feb 2016 09:50
(ShareCast News) - Business service group Rentokil Initial reported a slight drop in full year profit but upped its dividend. For the 12 months ended 31 December, pre-tax profit nudged down to £159m from £163.2m in 2014, despite a small uptick in revenue to £1.75bn from £1.74bn. Stripping out excep
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