Like a lot of stocks Rentokil is consolidating at the moment. It's a little early to tell but maybe it's forming an ascending triangle. AN upside breakout will have a 265p target compared to the closing price of 237.5p.
Rentokil Initial rose to a six-month high, thanks to a raft of positive broker comments, with analysts from Morgan Stanley expecting double-digit growth from the company, compared with single-digit growth from its rivals. (Independent)