Investamate

Rentokil - Time to catch some gains?

Long
LSE:RTO   RENTOKIL INITIAL PLC ORD 1P
Buy Rentokil Initial ( RTO .L)

Rentokil Initial plc provides fully integrated facilities management and essential support services to government and commercial sector organization all sizes across all business sectors. The Company provides services in pest control, hygiene, workwear, facilities and plants.

Market Cap: £8.17Billion

Rentokil is trading in an exceptional long-term uptrend. The shares have once again bounced from the trend support line and this typically proceeds a move to new highs. If the trend is to continue, then its an ideal entry level. A break below 430p would invalidate the idea.

Stop: 430p
Target 1: 500p
Target 2: 530p
Target 3: 550p


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