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Rentokil Initial plc (ADR) (RTOKY) [hlAlert]

Rating:
Underweight
RTOKY

Rentokil Initial plc (ADR) (RTOKY) rated Underweight by HSBC Securities

Posted on: Thursday,  Jan 10, 2013  8:25 AM ET by HSBC Securities

Rentokil Initial plc (ADR)
(OTCBB: RTOKY) rated Underweight by HSBC Securities.

Rentokil Initial plc is a holding company that, through its subsidiaries, provides a range of business to business support services. As of December 31, 2008, the Company operated in five business segments: Textiles and Washroom Services, Pest Control, Facilities Services, Ambius and City Link. The Company principally operates in United Kingdom, continental Europe, North America, Asia Pacific and Africa. The Asia Pacific segment comprises operations based mainly in Australia, New Zealand and Asia. The North American segment comprises the United States, Canada and Caribbean businesses. On December 31, 2008, the Company purchased Ray Werk, an Austrian Textiles.On January 8, 2008, the Company also made asset purchases of Delcol, a company based in Malaysia supplying bottled water, and on March 1, 2008, purchased Watch All, a pest control business in the United States.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/10/2013 8:25 AM Sell
None
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

(*) Stock Price at the time of the recommendation.
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