FTSE 100 today: Opens lower as ECB decision looms; Sainsbury, Deliveroo updates By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Source: Investing.com
Market Overview: British stocks opened lower as the European Central Bank is expected to cut interest rates amid economic uncertainties, with the FTSE 100 down by 0.5% and the British pound falling against the dollar.
Company Updates: J Sainsbury reported a profit increase but warned of unchanged earnings due to competition; Alphawave IP Group saw significant bookings growth but withheld future guidance; Rentokil Initial experienced organic revenue growth while restructuring in North America; Deliveroo's revenue rose slightly but maintained its full-year guidance.
Analyst Views on RTO
Wall Street analysts forecast RTO stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for RTO is 6.72 USD with a low forecast of 6.72 USD and a high forecast of 6.72 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 32.760
Low
6.72
Averages
6.72
High
6.72
Current: 32.760
Low
6.72
Averages
6.72
High
6.72
About RTO
Rentokil Initial plc is a United Kingdom-based company, which is engaged in pest control and hygiene and wellbeing services. The Company’s services include pest control, hygiene & wellbeing, connect technology, operational expertise, and innovation. The Company is a commercial pest control company providing risk mitigation, reassurance and responsiveness to customers. It offers a complete range of pest control services, from rodents to flying and crawling insects, to other forms of wildlife management. It offers a range of hygiene services, including the provision and maintenance of products, such as soap and hand sanitizer dispensers, hand dryers, air care and purification, cubicle and surface sanitizers, feminine hygiene units, toilet paper dispensers and floor protection mats. Its connected devices, PestConnect, help to provide customers with a complete pest detection solution and traceability. Its PestConnect is a remote monitoring system for rodents.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
