Shares of Rentokil Initial plc (LON:RTO) shot up 0.5% during trading on Thursday . The stock traded as high as GBX 314 ($4.17) and last traded at GBX 314 ($4.17). 6,964,921 shares changed hands during trading, an increase of 90% from the average session volume of 3,664,090 shares. The stock had previously closed at GBX 312.50 ($4.15).

Several brokerages recently commented on RTO. J P Morgan Chase & Co reissued an “underweight” rating and set a GBX 211 ($2.80) price objective on shares of Rentokil Initial plc in a research report on Friday. Deutsche Bank AG increased their price objective on shares of Rentokil Initial plc from GBX 285 ($3.79) to GBX 330 ($4.38) and gave the company a “buy” rating in a research report on Friday, August 18th. Barclays PLC reissued an “overweight” rating and set a GBX 311 ($4.13) price objective on shares of Rentokil Initial plc in a research report on Friday, July 28th. Royal Bank Of Canada increased their price objective on shares of Rentokil Initial plc from GBX 270 ($3.59) to GBX 300 ($3.99) and gave the company an “outperform” rating in a research report on Monday, July 10th. Finally, Peel Hunt increased their price objective on shares of Rentokil Initial plc from GBX 242 ($3.22) to GBX 300 ($3.99) and gave the company a “buy” rating in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of GBX 277 ($3.68).

The stock’s 50 day moving average price is GBX 302.70 and its 200 day moving average price is GBX 279.25. The company’s market cap is GBX 5.89 billion.

In other news, insider Jeremy Townsend sold 219,156 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of GBX 291 ($3.87), for a total transaction of £637,743.96 ($847,387.67).

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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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