Rentokil Initial plc (RTO) Insider Chris Geoghegan Buys 19,830 Shares
Rentokil Initial plc (LON:RTO) insider Chris Geoghegan purchased 19,830 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The stock was bought at an average cost of GBX 249 ($3.21) per share, for a total transaction of £49,376.70 ($63,753.00).
Shares of Rentokil Initial plc (LON:RTO) traded up 0.79% during midday trading on Friday, reaching GBX 254.30. The company had a trading volume of 4,543,978 shares. Rentokil Initial plc has a 12-month low of GBX 164.00 and a 12-month high of GBX 256.50. The firm’s market capitalization is GBX 4.64 billion. The company has a 50 day moving average of GBX 247.77 and a 200 day moving average of GBX 230.40.
The business also recently disclosed a dividend, which will be paid on Wednesday, May 17th. Stockholders of record on Thursday, April 6th will be given a dividend of GBX 2.38 ($0.03) per share. This is a boost from Rentokil Initial plc’s previous dividend of $0.99. This represents a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, April 6th.
RTO has been the topic of a number of research analyst reports. HSBC Holdings plc reissued a “hold” rating and issued a GBX 235 ($3.03) price target on shares of Rentokil Initial plc in a report on Monday, April 10th. Peel Hunt reissued a “buy” rating and issued a GBX 242 ($3.12) price target on shares of Rentokil Initial plc in a report on Thursday, February 23rd. JPMorgan Chase & Co. boosted their price target on shares of Rentokil Initial plc from GBX 177 ($2.29) to GBX 185 ($2.39) and gave the stock an “underweight” rating in a report on Friday, February 24th. Morgan Stanley boosted their price target on shares of Rentokil Initial plc from GBX 250 ($3.23) to GBX 265 ($3.42) and gave the stock an “overweight” rating in a report on Wednesday. Finally, Royal Bank of Canada boosted their price target on shares of Rentokil Initial plc from GBX 260 ($3.36) to GBX 270 ($3.49) and gave the stock an “outperform” rating in a report on Wednesday, March 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Rentokil Initial plc presently has an average rating of “Buy” and an average price target of GBX 249.80 ($3.23).
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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