Rentokil Initial plc’s (RTO) “Top pick” Rating Reaffirmed at Royal Bank Of Canada
Royal Bank Of Canada reissued their top pick rating on shares of Rentokil Initial plc (LON:RTO) in a research report released on Tuesday morning. They currently have a GBX 240 ($3.13) target price on the stock.
RTO has been the topic of a number of other research reports. Peel Hunt increased their price objective on shares of Rentokil Initial plc from GBX 178 ($2.32) to GBX 229 ($2.99) and gave the stock an add rating in a report on Friday, September 2nd. JPMorgan Chase & Co. reaffirmed an underweight rating and issued a GBX 155 ($2.02) price objective on shares of Rentokil Initial plc in a report on Friday, July 29th. Deutsche Bank AG upgraded shares of Rentokil Initial plc to a buy rating and increased their target price 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 shares of Rentokil Initial plc from GBX 225 ($2.94) to GBX 235 ($3.07) and gave the company an outperform rating in a research report on Tuesday, August 9th. Finally, Barclays PLC increased their target price on shares of Rentokil Initial plc from GBX 218 ($2.85) to GBX 238 ($3.11) and gave the company an overweight rating in a research report on Wednesday, August 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Rentokil Initial plc currently has an average rating of Buy and an average target price of GBX 207.90 ($2.71).
Shares of Rentokil Initial plc (LON:RTO) traded down 0.65% during midday trading on Tuesday, hitting GBX 229.10. 1,039,959 shares of the stock were exchanged. The company’s market cap is GBX 4.18 billion. Rentokil Initial plc has a 12 month low of GBX 143.30 and a 12 month high of GBX 234.00. The stock has a 50 day moving average price of GBX 219.68 and a 200-day moving average price of GBX 196.12.
The firm also recently announced a dividend, which was paid on Wednesday, September 14th. Shareholders of record on Thursday, August 11th were issued a GBX 0.99 ($0.01) dividend. The ex-dividend date was Thursday, August 11th. This represents a yield of 0.46%.
In other Rentokil Initial plc news, insider Jeremy Townsend sold 24,921 shares of Rentokil Initial plc stock in a transaction that occurred 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).
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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