Rentokil Initial (RTO) Cut to Neutral at Credit Suisse Group
Credit Suisse Group lowered shares of Rentokil Initial (LON:RTO) to a neutral rating in a research report released on Wednesday. The firm currently has GBX 340 ($4.55) price objective on the stock, up from their prior price objective of GBX 320 ($4.28).
Several other brokerages also recently weighed in on RTO. Goldman Sachs Group initiated coverage on Rentokil Initial in a research report on Monday, December 4th. They set a buy rating and a GBX 400 ($5.35) price objective for the company. Jefferies Group initiated coverage on Rentokil Initial in a research report on Monday, December 4th. They set a hold rating and a GBX 335 ($4.48) price objective for the company. Peel Hunt upped their price objective on Rentokil Initial from GBX 300 ($4.01) to GBX 348 ($4.65) and gave the stock a buy rating in a research report on Monday, November 13th. HSBC upped their price objective on Rentokil Initial from GBX 235 ($3.14) to GBX 290 ($3.88) and gave the stock a hold rating in a research report on Friday, November 17th. Finally, JPMorgan Chase & Co. restated an underweight rating and set a GBX 211 ($2.82) price objective on shares of Rentokil Initial in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. Rentokil Initial presently has an average rating of Hold and a consensus price target of GBX 299.29 ($4.00).
Shares of Rentokil Initial (LON:RTO) opened at GBX 310.90 ($4.16) on Wednesday. Rentokil Initial has a 1 year low of GBX 216.68 ($2.90) and a 1 year high of GBX 338.80 ($4.53). The firm has a market capitalization of $5,640.00 and a price-to-earnings ratio of 840.27.
About Rentokil Initial
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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