Rentokil Initial Upgraded to Buy by Cantor Fitzgerald Europe (RTO)
Rentokil Initial (LON:RTO) was upgraded by analysts at Cantor Fitzgerald Europe to a “buy” rating in a research report issued to clients and investors on Monday, Analyst Ratings.Net reports. The firm currently has a GBX 140 ($2.30) price objective on the stock. Cantor Fitzgerald Europe’s target price would indicate a potential upside of 14.01% from the stock’s previous close.
Shares of Rentokil Initial (LON:RTO) traded down 0.08% on Monday, hitting GBX 122.70. 2,408,758 shares of the company’s stock traded hands. Rentokil Initial has a 52-week low of GBX 85.70 and a 52-week high of GBX 124.00. The stock’s 50-day moving average is GBX 113.7 and its 200-day moving average is GBX 106.1. The company’s market cap is £2.219 billion.
Other equities research analysts have also recently issued reports about the stock. 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 investment analysts have rated the stock with a sell rating, ten have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Rentokil Initial has an average rating of “Hold” and a consensus target price 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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