Rentokil Initial Rating Increased to Buy at Cantor Fitzgerald Europe (RTO)
Rentokil Initial (LON:RTO) was upgraded by equities researchers at Cantor Fitzgerald Europe to a “buy” rating in a research report issued on Monday, AmericanBankingNews.com reports. The firm currently has a GBX 140 ($2.30) price target on the stock. Cantor Fitzgerald Europe’s price objective would suggest a potential upside of 14.10% from the company’s current price.
A number of other analysts have also recently weighed in on RTO. Analysts at Panmure Gordon downgraded shares of Rentokil Initial to a “sell” rating in a research note to investors on Friday, January 10th. They now have a GBX 97 ($1.59) price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Rentokil Initial in a research note to investors on Tuesday, December 17th. They now have a GBX 95 ($1.56) price target on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Rentokil Initial in a research note to investors on Tuesday, December 10th. They now have a GBX 117 ($1.92) price target on the stock. Six equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 101.43 ($1.67).
Shares of Rentokil Initial (LON:RTO) traded down 0.08% during mid-day trading on Monday, hitting GBX 122.70. The stock had a trading volume of 2,441,230 shares. Rentokil Initial has a 1-year low of GBX 85.70 and a 1-year high of GBX 124.429. The stock’s 50-day moving average is GBX 114.5 and its 200-day moving average is GBX 106.5. The company’s market cap is £2.219 billion.
Rentokil Initial plc is the holding company. Revenue is generated from pest control, hygiene, textiles, interior plants, facilities services and parcel delivery.
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