Rentokil Initial’s “Buy” Rating Reaffirmed at Cantor Fitzgerald Europe (RTO)
Rentokil Initial (LON:RTO)‘s stock had its “buy” rating restated by equities researchers at Cantor Fitzgerald Europe in a research report issued on Monday, Stock Ratings Network.com reports. They currently have a GBX 140 ($2.35) target price on the stock. Cantor Fitzgerald Europe’s price objective indicates a potential upside of 12.45% from the stock’s previous close.
Shares of Rentokil Initial (LON:RTO) opened at 124.20 on Monday. Rentokil Initial has a 52 week low of GBX 85.70 and a 52 week high of GBX 125.00. The stock’s 50-day moving average is GBX 120.0 and its 200-day moving average is GBX 109.7. The company’s market cap is £2.246 billion.
RTO has been the subject of a number of other recent research reports. Analysts at Jefferies Group raised their price target on shares of Rentokil Initial from GBX 116 ($1.94) to GBX 128 ($2.15) in a research note on Thursday, January 30th. They now have a “hold” rating on the stock. Separately, analysts at RBC Capital reiterated a “top pick” rating on shares of Rentokil Initial in a research note on Wednesday, January 22nd. They now have a GBX 135 ($2.26) price target on the stock. Finally, analysts at HSBC reiterated an “underweight” rating on shares of Rentokil Initial in a research note on Tuesday, January 21st. They now have a GBX 116 ($1.94) price target on the stock. Six analysts have rated the stock with a sell rating, ten have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 104.79 ($1.76).
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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