Rentokil Initial plc (RTO) Receives Consensus Rating of “Buy” from Brokerages
Rentokil Initial plc (LON:RTO) has been assigned an average recommendation of “Buy” from the eleven ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is GBX 258.45 ($3.37).
Several equities research analysts recently issued reports on RTO shares. HSBC Holdings plc restated a “hold” rating and set a GBX 235 ($3.07) price objective on shares of Rentokil Initial plc in a research report on Monday, April 10th. Morgan Stanley raised their price objective on shares of Rentokil Initial plc from GBX 250 ($3.26) to GBX 265 ($3.46) and gave the stock an “overweight” rating in a research report on Wednesday, May 3rd. Royal Bank Of Canada raised their price objective on shares of Rentokil Initial plc from GBX 260 ($3.40) to GBX 270 ($3.53) and gave the stock an “outperform” rating in a research report on Wednesday, March 29th. BNP Paribas restated an “outperform” rating and set a GBX 315 ($4.11) price objective on shares of Rentokil Initial plc in a research report on Friday, June 16th. Finally, Numis Securities Ltd restated an “add” rating and set a GBX 270 ($3.53) price objective on shares of Rentokil Initial plc in a research report on Friday, March 31st.
In other Rentokil Initial plc news, insider Chris Geoghegan acquired 19,830 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The stock was purchased at an average price of GBX 249 ($3.25) per share, for a total transaction of £49,376.70 ($64,477.28). Also, insider Daragh Fagan sold 418 shares of Rentokil Initial plc stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of GBX 245 ($3.20), for a total transaction of £1,024.10 ($1,337.29).
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Shares of Rentokil Initial plc (LON:RTO) traded down 0.47% during trading on Friday, reaching GBX 277.80. 2,991,192 shares of the company traded hands. Rentokil Initial plc has a 52 week low of GBX 204.50 and a 52 week high of GBX 288.10. The firm has a 50 day moving average of GBX 276.70 and a 200 day moving average of GBX 250.61. The stock’s market capitalization is GBX 5.07 billion.
About Rentokil Initial plc
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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