Rentokil Initial plc (LON:RTO) Receives GBX 210.44 Consensus PT from Analysts
Rentokil Initial plc (LON:RTO) has earned an average recommendation of “Buy” from the ten brokerages that are presently covering the firm. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 210.44 ($2.75).
RTO has been the subject of a number of analyst reports. Peel Hunt raised their price objective on Rentokil Initial plc from GBX 178 ($2.32) to GBX 229 ($2.99) and gave the company an “add” rating in a research report on Friday, September 2nd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 155 ($2.02) price objective on shares of Rentokil Initial plc in a research report on Friday, July 29th. Deutsche Bank AG raised Rentokil Initial plc to a “buy” rating and raised their price objective for the company from GBX 160 ($2.09) to GBX 240 ($3.13) in a research report on Tuesday, August 2nd. Credit Suisse Group AG increased their target price on Rentokil Initial plc from GBX 225 ($2.94) to GBX 235 ($3.07) and gave the company an “outperform” rating in a research note on Tuesday, August 9th. Finally, Barclays PLC increased their target price on Rentokil Initial plc from GBX 218 ($2.85) to GBX 238 ($3.11) and gave the company an “overweight” rating in a research note on Wednesday, August 17th.
In related news, insider Jeremy Townsend sold 24,921 shares of the firm’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).
Shares of Rentokil Initial plc (LON:RTO) opened at 221.882248 on Friday. The company’s 50 day moving average price is GBX 219.18 and its 200-day moving average price is GBX 194.94. Rentokil Initial plc has a 1-year low of GBX 143.30 and a 1-year high of GBX 224.50. The company’s market capitalization is GBX 4.04 billion.
The business also recently announced a dividend, which was paid on Wednesday, September 14th. Investors of record on Thursday, August 11th were issued 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%.
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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