Rentokil Initial plc (RTO) Receives Consensus Recommendation of “Buy” from Brokerages
Rentokil Initial plc (LON:RTO) has been given a consensus rating of “Buy” by the eleven ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 277 ($3.67).
Several research firms have weighed in on RTO. Deutsche Bank AG boosted their price target on Rentokil Initial plc from GBX 285 ($3.78) to GBX 330 ($4.38) and gave the company a “buy” rating in a research note on Friday, August 18th. Barclays PLC reiterated an “overweight” rating and set a GBX 311 ($4.13) price target on shares of Rentokil Initial plc in a research note on Friday, July 28th. J P Morgan Chase & Co boosted their price target on Rentokil Initial plc from GBX 194 ($2.57) to GBX 211 ($2.80) and gave the company an “underweight” rating in a research note on Friday, July 28th. Royal Bank Of Canada boosted their price target on Rentokil Initial plc from GBX 270 ($3.58) to GBX 300 ($3.98) and gave the company an “outperform” rating in a research note on Monday, July 10th. Finally, Peel Hunt boosted their price target on Rentokil Initial plc from GBX 242 ($3.21) to GBX 300 ($3.98) and gave the company a “buy” rating in a research note on Thursday, July 27th.
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In other news, insider Jeremy Townsend sold 219,156 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of GBX 291 ($3.86), for a total value of £637,743.96 ($845,926.46).
Rentokil Initial plc (RTO) traded down 0.10% on Wednesday, reaching GBX 306.50. The company’s stock had a trading volume of 2,513,836 shares. Rentokil Initial plc has a 1-year low of GBX 204.50 and a 1-year high of GBX 309.50. The company’s market capitalization is GBX 5.62 billion. The firm’s 50 day moving average price is GBX 298.49 and its 200-day moving average price is GBX 274.39.
The business also recently disclosed a dividend, which was paid on Wednesday, September 13th. Stockholders of record on Thursday, August 10th were issued a GBX 1.14 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a dividend yield of 0.41%.
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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