Rentokil Initial’s Neutral Rating Reaffirmed at Credit Suisse (RTO)
Rentokil Initial (LON:RTO)‘s stock had its “neutral” rating reiterated by analysts at Credit Suisse in a research report issued to clients and investors on Friday, American Banking and Market News reports. They currently have a GBX 95 ($1.59) price target on the stock. Credit Suisse’s target price would suggest a potential downside of 24.30% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Rentokil Initial in a research note on Wednesday. They now have a GBX 86 ($1.44) price target on the stock. Separately, analysts at Cantor Fitzgerald Europe reiterated a “buy” rating on shares of Rentokil Initial in a research note on Monday. They now have a GBX 140 ($2.35) price target on the stock. Finally, 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. Six research analysts have rated the stock with a sell rating, ten have given 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 104.79 ($1.76).
Shares of Rentokil Initial (LON:RTO) traded up 0.56% on Friday, hitting GBX 125.50. 2,752,744 shares of the company’s stock traded hands. Rentokil Initial has a one year low of GBX 85.70 and a one year high of GBX 126.60. The stock’s 50-day moving average is GBX 121.4 and its 200-day moving average is GBX 110.6. The company’s market cap is £2.270 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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