J P Morgan Chase & Co Reaffirms Underweight Rating for Rentokil Initial plc (RTO)
Rentokil Initial plc (LON:RTO)‘s stock had its “underweight” rating reiterated by equities research analysts at J P Morgan Chase & Co in a report released on Friday. They presently have a GBX 211 ($2.80) target price on the stock. J P Morgan Chase & Co’s price target would indicate a potential downside of 34.39% from the stock’s current price.
RTO has been the topic of several other research reports. Peel Hunt increased their price target on shares of Rentokil Initial plc from GBX 242 ($3.22) to GBX 300 ($3.99) and gave the stock a “buy” rating in a research report on Thursday, July 27th. Royal Bank Of Canada increased their price target on shares of Rentokil Initial plc from GBX 270 ($3.59) to GBX 300 ($3.99) and gave the stock an “outperform” rating in a research report on Monday, July 10th. Barclays PLC reissued an “overweight” rating and set a GBX 311 ($4.13) price target on shares of Rentokil Initial plc in a research report on Friday, July 28th. Finally, Deutsche Bank AG increased their price target on shares of Rentokil Initial plc from GBX 285 ($3.79) to GBX 330 ($4.38) and gave the stock a “buy” rating in a research report on Friday, August 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. Rentokil Initial plc presently has a consensus rating of “Buy” and a consensus target price of GBX 277 ($3.68).
Rentokil Initial plc (LON RTO) traded up 2.42% on Friday, reaching GBX 321.60. 7,102,473 shares of the company’s stock were exchanged. The stock’s market cap is GBX 5.89 billion. Rentokil Initial plc has a one year low of GBX 204.50 and a one year high of GBX 321.60. The firm has a 50 day moving average of GBX 302.70 and a 200-day moving average of GBX 279.25.
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In related news, insider Jeremy Townsend sold 219,156 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of GBX 291 ($3.87), for a total transaction of £637,743.96 ($847,387.67).
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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