Rentokil Initial plc (RTO) Receives “Add” Rating from Peel Hunt
RTO has been the topic of a number of other research reports. Royal Bank Of Canada downgraded shares of Rentokil Initial plc to an outperform rating and raised their target price for the company from GBX 240 ($3.00) to GBX 260 ($3.25) in a research report on Thursday, October 13th. Credit Suisse Group AG reaffirmed an outperform rating and issued a GBX 255 ($3.19) price objective on shares of Rentokil Initial plc in a research report on Monday, October 24th. Barclays PLC lifted their price objective on shares of Rentokil Initial plc from GBX 238 ($2.97) to GBX 252 ($3.15) and gave the stock an overweight rating in a research report on Thursday, October 20th. JPMorgan Chase & Co. reaffirmed an underweight rating and issued a GBX 155 ($1.94) price objective on shares of Rentokil Initial plc in a research report on Friday, July 29th. Finally, Deutsche Bank AG raised shares of Rentokil Initial plc to a buy rating and lifted their price objective for the stock from GBX 160 ($2.00) to GBX 240 ($3.00) in a research report on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Rentokil Initial plc has an average rating of Hold and an average price target of GBX 218.22 ($2.73).
Shares of Rentokil Initial plc (LON:RTO) traded up 1.58% on Wednesday, reaching GBX 212.30. 4,771,487 shares of the company were exchanged. The firm’s 50 day moving average price is GBX 224.74 and its 200 day moving average price is GBX 206.58. Rentokil Initial plc has a 52 week low of GBX 147.40 and a 52 week high of GBX 236.90. The stock’s market capitalization is GBX 3883.67 billion.
In related news, insider Jeremy Townsend sold 24,921 shares of the business’s stock in a transaction on Friday, September 23rd. The shares were sold at an average price of GBX 221 ($2.76), for a total value of £55,075.41 ($68,809.86).
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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