Rentokil Initial plc (LON:RTO) had its target price lifted by Peel Hunt from GBX 242 ($3.19) to GBX 300 ($3.96) in a research report sent to investors on Thursday, July 27th. Peel Hunt currently has a buy rating on the stock.
Several other research firms have also recently weighed in on RTO. BNP Paribas restated an outperform rating and issued a GBX 315 ($4.16) price target on shares of Rentokil Initial plc in a research note on Friday, June 16th. Royal Bank Of Canada boosted their price target on Rentokil Initial plc from GBX 270 ($3.56) to GBX 300 ($3.96) and gave the stock an outperform rating in a research note on Monday, July 10th. Morgan Stanley boosted their price target on Rentokil Initial plc from GBX 250 ($3.30) to GBX 265 ($3.50) and gave the stock an overweight rating in a research note on Wednesday, May 3rd. HSBC Holdings plc restated a hold rating and issued a GBX 235 ($3.10) price target on shares of Rentokil Initial plc in a research note on Monday, April 10th. Finally, Credit Suisse Group reiterated an outperform rating and set a GBX 270 ($3.56) price objective on shares of Rentokil Initial plc in a research report on Wednesday, April 19th. One 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’s stock. The company has a consensus rating of Buy and an average price target of GBX 270.64 ($3.57).
Shares of Rentokil Initial plc (RTO) opened at 292.40 on Thursday. The stock’s 50 day moving average price is GBX 278.59 and its 200 day moving average price is GBX 254.42. The stock’s market capitalization is GBX 5.36 billion. Rentokil Initial plc has a 12 month low of GBX 204.50 and a 12 month high of GBX 292.50.
The business also recently declared a dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Thursday, August 10th will be given a GBX 1.14 ($0.02) dividend. This represents a yield of 0.41%. The ex-dividend date is Thursday, August 10th.
In other Rentokil Initial plc news, insider Jeremy Townsend sold 219,156 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of GBX 291 ($3.84), for a total value of £637,743.96 ($841,239.89).
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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