Deutsche Bank Raises Rentokil Initial plc Price Target to GBX 119 (RTO)
Equities research analysts at Deutsche Bank hoisted their price target on shares of Rentokil Initial plc (LON:RTO) from GBX 114 ($1.89) to GBX 119 ($1.97) in a research note issued to investors on Wednesday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price objective would suggest a potential downside of 5.78% from the stock’s previous close.
A number of other analysts have also recently weighed in on RTO. Analysts at Investec upgraded shares of Rentokil Initial plc to a “buy” rating in a research note on Monday, August 18th. They now have a GBX 150 ($2.49) price target on the stock, up previously from GBX 100 ($1.66). Separately, analysts at Barclays reiterated an “overweight” rating on shares of Rentokil Initial plc in a research note on Monday, August 4th. Finally, 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 ($2.34) price target on the stock. Four research analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 127.82 ($2.12).
Rentokil Initial plc (LON:RTO) traded up 0.24% on Wednesday, hitting GBX 126.60. The stock had a trading volume of 2,742,811 shares. Rentokil Initial plc has a one year low of GBX 99.80 and a one year high of GBX 133.60. The stock’s 50-day moving average is GBX 121.5 and its 200-day moving average is GBX 121.1. The company’s market cap is £2.300 billion.
The company also recently announced a dividend, which is scheduled for Tuesday, September 16th. Stockholders 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 is Wednesday, August 13th.
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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