Analyst Views: How is Rentokil looking as chief exec Alan Brown hands over the reins to Andy Ransom?

 
Marion Dakers
MIKE ALLEN
PANMURE GORDON
The outlook statement looks positive with a pick up expected in the second half. However, we do not think this will drive consensus earnings upgrades with no pick up in Europe seemingly on the horizon. We maintain a ‘neutral’ stance on the shares.
CAROLINE DE LA SOUJEOLE
CANTOR FITZGERALD
The outlook statement suggests that despite the challenging market conditions in Europe, the momentum seen in the second quarter should be maintained in the second half. We see no reason to change our ‘hold’ recommendation.
GIDEON ADLER
INVESTEC
The shift in momentum should prove a helpful platform for new CEO Andy Ransom’s strategy for growth in the medium term, but with organic revenue still in decline and tough conditions in Europe, Rentokil may need a more sustained level of momentum to shift the shares out of their current inertia.

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