Royal Bank of Canada Increases Rentokil Initial plc (LON:RTO) Price Target to GBX 300
Rentokil Initial plc (LON:RTO) had its price target hoisted by research analysts at Royal Bank of Canada from GBX 270 ($3.50) to GBX 300 ($3.89) in a report released on Monday. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 9.93% from the stock’s previous close.
Several other research analysts have also recently weighed in on RTO. Citigroup Inc. raised shares of Rentokil Initial plc to a “neutral” rating and upped their price target for the stock from GBX 145 ($1.88) to GBX 240 ($3.11) in a report on Monday, March 13th. Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 270 ($3.50) price target on shares of Rentokil Initial plc in a report on Friday, March 31st. HSBC Holdings plc reissued a “hold” rating and issued a GBX 235 ($3.04) target price on shares of Rentokil Initial plc in a research note on Monday, April 10th. Credit Suisse Group reissued an “outperform” rating and issued a GBX 270 ($3.50) target price on shares of Rentokil Initial plc in a research note on Wednesday, April 19th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 242 ($3.13) target price on shares of Rentokil Initial plc in a research note on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 258.45 ($3.35).
Shares of Rentokil Initial plc (RTO) traded up 0.66% during trading on Monday, hitting GBX 273.50. The stock had a trading volume of 1,687,876 shares. The firm’s 50 day moving average is GBX 271.03 and its 200 day moving average is GBX 244.61. Rentokil Initial plc has a 1-year low of GBX 201.10 and a 1-year high of GBX 288.10. The company’s market cap is GBX 4.99 billion.
In related news, insider Daragh Fagan sold 418 shares of the firm’s stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of GBX 245 ($3.17), for a total transaction of £1,024.10 ($1,326.55). Also, insider Chris Geoghegan purchased 19,830 shares of Rentokil Initial plc stock in a transaction that occurred on Thursday, May 4th. The shares were purchased at an average cost of GBX 249 ($3.23) per share, with a total value of £49,376.70 ($63,959.46).
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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