Rentokil Initial plc (RTO) Stock Rating Reaffirmed by Credit Suisse Group AG
Rentokil Initial plc (LON:RTO)‘s stock had its “outperform” rating reaffirmed by stock analysts at Credit Suisse Group AG in a research note issued on Friday. They presently have a GBX 235 ($3.07) target price on the stock. Credit Suisse Group AG’s price objective indicates a potential upside of 3.84% from the stock’s current price.
A number of other analysts have also recently commented on RTO. Barclays PLC lifted their target price on Rentokil Initial plc from GBX 178 ($2.32) to GBX 215 ($2.81) and gave the stock an “overweight” rating in a research report on Friday, July 8th. Peel Hunt lifted their target price on Rentokil Initial plc from GBX 178 ($2.32) to GBX 229 ($2.99) and gave the stock an “add” rating in a research report on Friday, September 2nd. Deutsche Bank AG reiterated a “hold” rating and set a GBX 160 ($2.09) target price on shares of Rentokil Initial plc in a research report on Friday, July 8th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a GBX 155 ($2.02) target price on shares of Rentokil Initial plc in a research report on Friday, July 29th. Finally, HSBC upgraded Rentokil Initial plc to a “hold” rating and boosted their price target for the company from GBX 145 ($1.89) to GBX 190 ($2.48) in a research report on Monday, July 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Rentokil Initial plc currently has a consensus rating of “Buy” and a consensus price target of GBX 207.90 ($2.71).
Shares of Rentokil Initial plc (LON:RTO) traded down 0.92% during trading on Friday, hitting GBX 226.30. The company’s stock had a trading volume of 2,664,010 shares. The company has a 50-day moving average price of GBX 220.37 and a 200-day moving average price of GBX 197.09. The stock’s market cap is GBX 4.13 billion. Rentokil Initial plc has a one year low of GBX 143.30 and a one year high of GBX 234.00.
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The company also recently declared a dividend, which was paid on Wednesday, September 14th. Stockholders of record on Thursday, August 11th were paid a dividend of GBX 0.99 ($0.01) per share. This represents a dividend yield of 0.46%. The ex-dividend date of this dividend was Thursday, August 11th.
In other news, insider Jeremy Townsend sold 24,921 shares of the business’s stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of GBX 221 ($2.88), for a total transaction of £55,075.41 ($71,890.63).
Rentokil Initial plc Company Profile
Rentokil Initial plc is a commercial pest control company. The Company is engaged in the provision of route-based services, which protect people and enhance lives. The Company’s segments include Europe, UK & Rest of World, Asia, North America, Pacific, and Central and regional. The Company’s business categories include Pest Control, Hygiene, Workwear and Other.
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