Royal Bank Of Canada Reiterates Top pick Rating for Rentokil Initial plc (RTO)
Rentokil Initial plc (LON:RTO)‘s stock had its “top pick” rating reissued by stock analysts at Royal Bank Of Canada in a research report issued on Tuesday. They presently have a GBX 240 ($3.13) price objective on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 6.05% from the company’s current price.
Other equities analysts also recently issued reports about the stock. Barclays PLC upped their price target on shares of Rentokil Initial plc from GBX 178 ($2.32) to GBX 215 ($2.81) and gave the company an “overweight” rating in a research note on Friday, July 8th. Peel Hunt reaffirmed an “add” rating and set a GBX 178 ($2.32) price objective on shares of Rentokil Initial plc in a research report on Thursday, July 28th. HSBC raised shares of Rentokil Initial plc to a “hold” rating and upped their price objective for the stock from GBX 145 ($1.89) to GBX 190 ($2.48) in a research report on Monday, July 18th. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 160 ($2.09) price objective on shares of Rentokil Initial plc in a research report on Friday, July 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Rentokil Initial plc from GBX 147 ($1.92) to GBX 155 ($2.02) and gave the stock an “underweight” rating in a research report on Friday, July 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Rentokil Initial plc currently has an average rating of “Buy” and a consensus target price of GBX 207.90 ($2.71).
Shares of Rentokil Initial plc (LON:RTO) traded down 0.92% during midday trading on Tuesday, hitting GBX 226.30. 2,664,010 shares of the company were exchanged. The stock’s 50-day moving average is GBX 220.37 and its 200-day moving average is 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 business also recently disclosed a dividend, which was paid on Wednesday, September 14th. Stockholders of record on Thursday, August 11th were given a dividend of GBX 0.99 ($0.01) per share. This represents a dividend yield of 0.46%. The ex-dividend date was Thursday, August 11th.
In other Rentokil Initial plc news, insider Jeremy Townsend sold 24,921 shares of the firm’s stock in a transaction 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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