Rentokil Initial plc (RTO) Receives Consensus Rating of “Buy” from Brokerages
Shares of Rentokil Initial plc (LON:RTO) have earned an average rating of “Buy” from the eleven research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 277 ($3.58).
RTO has been the subject of a number of recent analyst reports. Royal Bank Of Canada raised their price objective on shares of Rentokil Initial plc from GBX 270 ($3.49) to GBX 300 ($3.87) and gave the stock an “outperform” rating in a research note on Monday, July 10th. BNP Paribas reaffirmed an “outperform” rating and issued a GBX 315 ($4.07) price objective on shares of Rentokil Initial plc in a research note on Friday, June 16th. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 311 ($4.02) price objective on shares of Rentokil Initial plc in a research note on Friday, July 28th. Peel Hunt raised their price objective on shares of Rentokil Initial plc from GBX 242 ($3.13) to GBX 300 ($3.87) and gave the stock a “buy” rating in a research note on Thursday, July 27th. Finally, J P Morgan Chase & Co raised their price objective on shares of Rentokil Initial plc from GBX 194 ($2.51) to GBX 211 ($2.73) and gave the stock an “underweight” rating in a research note on Friday, July 28th.
In related news, insider Jeremy Townsend sold 219,156 shares of Rentokil Initial plc stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of GBX 291 ($3.76), for a total value of £637,743.96 ($823,639.36).
Shares of Rentokil Initial plc (LON:RTO) traded up 0.72% on Friday, hitting GBX 306.20. The company’s stock had a trading volume of 1,964,202 shares. Rentokil Initial plc has a 52 week low of GBX 204.50 and a 52 week high of GBX 306.60. The stock’s 50 day moving average is GBX 292.17 and its 200-day moving average is GBX 266.68. The company’s market cap is GBX 5.61 billion.
Rentokil Initial plc (LON:RTO) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.32 EPS for the quarter. Rentokil Initial plc had a net margin of 46.98% and a return on equity of 193.54%. On average, equities research analysts anticipate that Rentokil Initial plc will post $12.04 earnings per share for the current year.
The business also recently announced a dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Thursday, August 10th will be paid a dividend of GBX 1.14 ($0.01) per share. This represents a dividend yield of 0.41%. The ex-dividend date of this dividend is Thursday, August 10th.
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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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