Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Rentokil Initial ( (GB:RTO) ) just unveiled an announcement.
Rentokil Initial has completed the sale of its France Workwear business to H.I.G. Capital for an enterprise value of €410 million. This strategic move allows Rentokil Initial to focus on its core pest control and hygiene & wellbeing services, enhancing cash generation and capital efficiency while reducing annual capital expenditure.
The most recent analyst rating on (GB:RTO) stock is a Sell with a £2.84 price target. To see the full list of analyst forecasts on Rentokil Initial stock, see the GB:RTO Stock Forecast page.
Spark’s Take on GB:RTO Stock
According to Spark, TipRanks’ AI Analyst, GB:RTO is a Neutral.
The overall stock score is influenced primarily by strong financial performance, despite some profitability and cash flow challenges. Technical analysis indicates potential for short-term gains, but the lack of strong momentum and high valuation are concerns. The absence of earnings call and corporate events data limits additional insights.
To see Spark’s full report on GB:RTO stock, click here.
More about Rentokil Initial
Rentokil Initial is a company specializing in pest control and hygiene & wellbeing services. It focuses on providing market-leading solutions in these core areas, aiming to streamline operations and enhance capital efficiency.
Average Trading Volume: 5,244,294
Technical Sentiment Signal: Sell
Current Market Cap: £9.29B
Find detailed analytics on RTO stock on TipRanks’ Stock Analysis page.