Rentokil Initial plc Upgraded by Investec to “Buy” (RTO)
Rentokil Initial plc (LON:RTO) was upgraded by analysts at Investec to a “buy” rating in a research report issued to clients and investors on Monday. The firm currently has a GBX 150 ($2.51) price target on the stock, up from their previous price target of GBX 100 ($1.67). Investec’s price target points to a potential upside of 22.15% from the company’s current price.
Shares of Rentokil Initial plc (LON:RTO) opened at 125.90 on Monday. Rentokil Initial plc has a 52 week low of GBX 99.40 and a 52 week high of GBX 133.60. The stock has a 50-day moving average of GBX 117. and a 200-day moving average of GBX 120.. The company’s market cap is £2.288 billion.
The company also recently announced a dividend, which is scheduled for Tuesday, September 16th. Shareholders of record on Wednesday, August 13th will be paid a dividend of GBX 0.77 ($0.01) per share. This represents a dividend yield of 0.66%. The ex-dividend date of this dividend is Wednesday, August 13th.
RTO has been the subject of a number of other recent research reports. Analysts at Barclays reiterated an “overweight” rating on shares of Rentokil Initial plc in a research note on Monday, August 4th. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Rentokil Initial plc in a research note on Monday, August 4th. They now have a GBX 141 ($2.36) price target on the stock. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Rentokil Initial plc in a research note on Monday, August 4th. They now have a GBX 129 ($2.16) price target on the stock. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Rentokil Initial plc presently has a consensus rating of “Hold” and an average target price of GBX 127.36 ($2.13).
Rentokil Initial plc is the holding company. The Company through its businesses in some 60 countries provides a range of principally business to business support services.
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