Rentokil Initial (RTO) Receives Buy Rating from Deutsche Bank

Deutsche Bank reissued their buy rating on shares of Rentokil Initial (LON:RTO) in a report released on Friday.

A number of other research analysts have also recently commented on RTO. Peel Hunt reiterated an add rating and issued a GBX 343 ($4.81) price objective (down from GBX 348 ($4.88)) on shares of Rentokil Initial in a report on Tuesday, January 23rd. Numis Securities reissued an add rating and issued a GBX 315 ($4.42) target price on shares of Rentokil Initial in a research report on Wednesday, March 14th. Credit Suisse Group reissued an outperform rating and issued a GBX 330 ($4.63) target price on shares of Rentokil Initial in a research report on Monday, March 5th. Jefferies Group raised Rentokil Initial to a buy rating and boosted their target price for the company from GBX 335 ($4.70) to GBX 340 ($4.77) in a research report on Friday, March 2nd. Finally, Barclays boosted their target price on Rentokil Initial from GBX 311 ($4.37) to GBX 325 ($4.56) and gave the company an overweight rating in a research report on Friday, March 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. Rentokil Initial currently has an average rating of Buy and a consensus target price of GBX 311.85 ($4.38).

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RTO traded down GBX 1.20 ($0.02) during trading hours on Friday, reaching GBX 273.80 ($3.84). The company’s stock had a trading volume of 3,465,899 shares, compared to its average volume of 7,450,000. Rentokil Initial has a fifty-two week low of GBX 238.20 ($3.34) and a fifty-two week high of GBX 338.80 ($4.76).

The company also recently announced a dividend, which will be paid on Wednesday, May 16th. Shareholders of record on Thursday, April 12th will be given a GBX 2.74 ($0.04) dividend. This is a positive change from Rentokil Initial’s previous dividend of $1.14. The ex-dividend date of this dividend is Thursday, April 12th. This represents a yield of 1.04%.

In related news, insider Andy M. Ransom acquired 100,000 shares of the business’s stock in a transaction dated Thursday, March 8th. The shares were acquired at an average price of GBX 262 ($3.68) per share, with a total value of £262,000 ($367,770.92).

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About Rentokil Initial

Rentokil Initial plc, through its subsidiaries, provides route-based services in North America, the United Kingdom, rest of Europe, Asia, and rest of world. It offers a range of pest control services from rodents to flying insects, as well as to other forms of wildlife management for commercial and residential customers.

Analyst Recommendations for Rentokil Initial (LON:RTO)

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