Rentokil Initial plc’s (RTO) “Outperform” Rating Reaffirmed at Credit Suisse Group AG
Rentokil Initial plc (LON:RTO)‘s stock had its “outperform” rating reiterated by investment analysts at Credit Suisse Group AG in a research report issued on Friday. They currently have a GBX 235 ($3.07) price target on the stock. Credit Suisse Group AG’s target price would suggest a potential upside of 2.89% from the company’s current price.
RTO has been the subject of several other research reports. Peel Hunt upped their target price on Rentokil Initial plc from GBX 178 ($2.32) to GBX 229 ($2.99) and gave the stock an “add” rating in a research note on Friday, September 2nd. Royal Bank Of Canada reissued a “top pick” rating and set a GBX 240 ($3.13) price objective on shares of Rentokil Initial plc in a research note on Tuesday. JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 155 ($2.02) price objective on shares of Rentokil Initial plc in a research note on Friday, July 29th. Deutsche Bank AG raised Rentokil Initial plc to a “buy” rating and increased their price objective for the company from GBX 160 ($2.09) to GBX 240 ($3.13) in a research note on Tuesday, August 2nd. Finally, Barclays PLC increased their price objective 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. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Rentokil Initial plc has a consensus rating of “Buy” and an average target price of GBX 207.90 ($2.71).
Shares of Rentokil Initial plc (LON:RTO) opened at 228.40 on Friday. The firm’s market capitalization is GBX 4.16 billion. Rentokil Initial plc has a 1-year low of GBX 143.30 and a 1-year high of GBX 234.00. The stock has a 50 day moving average of GBX 220.12 and a 200-day moving average of GBX 196.89.
The firm also recently announced a dividend, which was paid on Wednesday, September 14th. Investors of record on Thursday, August 11th were issued a dividend of GBX 0.99 ($0.01) per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a dividend yield of 0.46%.
In related news, insider Jeremy Townsend sold 24,921 shares of the company’s 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 transaction 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.
Receive News & Stock Ratings for Rentokil Initial plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rentokil Initial plc and related stocks with our FREE daily email newsletter.