Rentokil Initial Rating Increased to Buy at Cantor Fitzgerald Europe (RTO)
Rentokil Initial (LON:RTO) was upgraded by Cantor Fitzgerald Europe to a “buy” rating in a research note issued on Monday, Analyst Ratings Net reports. The firm currently has a GBX 140 ($2.30) price target on the stock. Cantor Fitzgerald Europe’s price target indicates a potential upside of 14.10% from the stock’s previous close.
Rentokil Initial (LON:RTO) traded down 0.08% during mid-day trading on Monday, hitting GBX 122.70. 2,441,230 shares of the company’s stock traded hands. Rentokil Initial has a 1-year low of GBX 85.70 and a 1-year high of GBX 124.429. The stock has a 50-day moving average of GBX 114.5 and a 200-day moving average of GBX 106.5. The company’s market cap is £2.219 billion.
RTO has been the subject of a number of other recent research reports. 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 issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 101.43 ($1.67).
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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