HSBC Reiterates “Underweight” Rating for Rentokil Initial (RTO)
Rentokil Initial (LON:RTO)‘s stock had its “underweight” rating restated by equities researchers at HSBC in a research report issued on Tuesday, Stock Ratings Network reports. They currently have a GBX 116 ($1.90) price target on the stock. HSBC’s price objective points to a potential downside of 5.46% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cantor Fitzgerald Europe upgraded shares of Rentokil Initial to a “buy” rating in a research note to investors on Monday. They now have a GBX 140 ($2.30) price target on the stock. Six investment analysts have rated the stock with a sell rating, ten have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Rentokil Initial presently has a consensus rating of “Hold” and a consensus target price of GBX 103.38 ($1.70).
Rentokil Initial (LON:RTO) opened at 121.45 on Tuesday. Rentokil Initial has a 1-year low of GBX 85.70 and a 1-year 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 £2.197 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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