Royal Bank Of Canada cut shares of Rentokil Initial plc (LON:RTO) to an outperform rating in a research report sent to investors on Thursday morning. Royal Bank Of Canada currently has GBX 260 ($3.22) target price on the stock, up from their previous target price of GBX 240 ($2.97).
RTO has been the subject of several other research reports. Peel Hunt increased their price objective on shares of Rentokil Initial plc from GBX 178 ($2.20) to GBX 229 ($2.83) and gave the stock an add rating in a research report on Friday, September 2nd. JPMorgan Chase & Co. reissued an underweight rating and set a GBX 155 ($1.92) price objective on shares of Rentokil Initial plc in a research report on Friday, July 29th. Deutsche Bank AG raised shares of Rentokil Initial plc to a buy rating and increased their price objective for the stock from GBX 160 ($1.98) to GBX 240 ($2.97) in a research report on Tuesday, August 2nd. Credit Suisse Group AG increased their price objective on shares of Rentokil Initial plc from GBX 225 ($2.78) to GBX 235 ($2.91) and gave the stock an outperform rating in a research report on Tuesday, August 9th. Finally, Barclays PLC increased their price objective on shares of Rentokil Initial plc from GBX 218 ($2.70) to GBX 238 ($2.95) and gave the stock an overweight rating in a research report on Wednesday, August 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Rentokil Initial plc currently has an average rating of Buy and an average price target of GBX 209.90 ($2.60).
Shares of Rentokil Initial plc (LON:RTO) traded down 0.27% on Thursday, reaching GBX 225.70. 807,726 shares of the company traded hands. The stock’s market cap is GBX 4.11 billion. The stock has a 50 day moving average of GBX 221.31 and a 200 day moving average of GBX 198.45. Rentokil Initial plc has a 52-week low of GBX 143.90 and a 52-week high of GBX 234.00.
The company also recently declared a dividend, which was paid on Wednesday, September 14th. Shareholders of record on Thursday, August 11th were paid a GBX 0.99 ($0.01) dividend. This represents a yield of 0.46%. The ex-dividend date was Thursday, August 11th.
In other Rentokil Initial plc news, insider Jeremy Townsend sold 24,921 shares of the stock in a transaction on Friday, September 23rd. The shares were sold at an average price of GBX 221 ($2.74), for a total value of £55,075.41 ($68,162.64).
About Rentokil Initial plc
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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