Rentokil Initial plc (RTO) Lowered to “Outperform” at Royal Bank Of Canada
Rentokil Initial plc (LON:RTO) was downgraded by equities research analysts at Royal Bank Of Canada to an “outperform” rating in a research report issued to clients and investors on Thursday. They presently have a GBX 260 ($3.22) price target on the stock, up from their previous price target of GBX 240 ($2.97). Royal Bank Of Canada’s price target would suggest a potential upside of 15.56% from the stock’s previous close.
Several other brokerages have also recently issued reports on RTO. Credit Suisse Group AG reaffirmed an “outperform” rating and set a GBX 235 ($2.91) price objective on shares of Rentokil Initial plc in a research note on Friday, October 7th. Barclays PLC upped their price objective on shares of Rentokil Initial plc from GBX 218 ($2.70) to GBX 238 ($2.95) and gave the company an “overweight” rating in a research note on Wednesday, August 17th. Deutsche Bank AG raised shares of Rentokil Initial plc to a “buy” rating and upped their price objective for the company from GBX 160 ($1.98) to GBX 240 ($2.97) in a research note on Tuesday, August 2nd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 155 ($1.92) price objective on shares of Rentokil Initial plc in a research note on Friday, July 29th. Finally, Peel Hunt upped their price objective on shares of Rentokil Initial plc from GBX 178 ($2.20) to GBX 229 ($2.83) and gave the company an “add” rating in a research note on Friday, September 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of GBX 209.90 ($2.60).
Rentokil Initial plc (LON:RTO) opened at 224.50 on Thursday. Rentokil Initial plc has a one year low of GBX 143.30 and a one year high of GBX 234.00. The company has a 50 day moving average of GBX 220.92 and a 200-day moving average of GBX 198.38. The company’s market cap is GBX 4.09 billion.
The business also recently disclosed a dividend, which was paid on Wednesday, September 14th. Stockholders 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 dividend yield of 0.46%.
In other Rentokil Initial plc news, insider Jeremy Townsend sold 24,921 shares of the stock in a transaction that occurred on Friday, September 23rd. The shares were sold at an average price of GBX 221 ($2.74), for a total transaction of £55,075.41 ($68,162.64).
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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