Rentokil Initial plc (LON:RTO)‘s stock had its “top pick” rating reaffirmed by Royal Bank Of Canada in a report issued on Tuesday. They currently have a GBX 240 ($3.13) price objective on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 6.48% from the stock’s current price.
A number of other analysts have also issued reports on RTO. Credit Suisse Group AG lifted their price target on Rentokil Initial plc from GBX 190 ($2.48) to GBX 225 ($2.94) and gave the stock an “outperform” rating in a research note on Monday, June 6th. Barclays PLC lifted their price target on Rentokil Initial plc from GBX 178 ($2.32) to GBX 215 ($2.81) and gave the stock an “overweight” rating in a research note on Friday, July 8th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 160 ($2.09) price target on shares of Rentokil Initial plc in a research note on Friday, July 8th. JPMorgan Chase & Co. lifted their price target on Rentokil Initial plc from GBX 147 ($1.92) to GBX 155 ($2.02) and gave the stock an “underweight” rating in a research note on Friday, July 8th. Finally, HSBC raised Rentokil Initial plc to a “hold” rating and lifted their price target for the stock from GBX 145 ($1.89) to GBX 190 ($2.48) in a research note on Monday, July 18th. One analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Rentokil Initial plc has a consensus rating of “Buy” and a consensus target price of GBX 207.90 ($2.71).
Rentokil Initial plc (LON:RTO) opened at 225.40 on Tuesday. The company’s market cap is GBX 4.11 billion. Rentokil Initial plc has a one year low of GBX 143.30 and a one year high of GBX 226.30. The stock has a 50 day moving average of GBX 219.27 and a 200 day moving average of GBX 195.84.
The firm also recently announced a dividend, which was paid on Wednesday, September 14th. Shareholders of record on Thursday, August 11th were given a GBX 0.99 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a yield of 0.46%.
In related news, insider Jeremy Townsend sold 24,921 shares of the business’s stock in a transaction on Friday, September 23rd. The stock was sold at an average price of GBX 221 ($2.88), for a total value of £55,075.41 ($71,890.63).
Rentokil Initial plc Company Profile
Rentokil Initial plc is a commercial pest control company. The Company is engaged in the provision of route-based services, which protect people and enhance lives. The Company’s segments include Europe, UK & Rest of World, Asia, North America, Pacific, and Central and regional. The Company’s business categories include Pest Control, Hygiene, Workwear and Other.
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