Rentokil Initial (RTO) Stock Price Up 1.1%

Rentokil Initial plc (LON:RTO) rose 1.1% during mid-day trading on Wednesday . The stock traded as high as GBX 296.50 ($4.10) and last traded at GBX 295.40 ($4.08). Approximately 3,655,936 shares were traded during mid-day trading, a decline of 23% from the average daily volume of 4,760,000 shares. The stock had previously closed at GBX 292.20 ($4.04).

RTO has been the topic of several research analyst reports. Credit Suisse Group lowered their price objective on Rentokil Initial from GBX 340 ($4.70) to GBX 330 ($4.56) and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Goldman Sachs Group initiated coverage on Rentokil Initial in a report on Monday, December 4th. They issued a “buy” rating and a GBX 400 ($5.53) price objective on the stock. Peel Hunt reiterated an “add” rating and issued a GBX 343 ($4.74) price objective (down from GBX 348 ($4.81)) on shares of Rentokil Initial in a report on Tuesday, January 23rd. Jefferies Group initiated coverage on Rentokil Initial in a report on Monday, December 4th. They issued a “hold” rating and a GBX 335 ($4.63) price objective on the stock. Finally, Deutsche Bank lowered their price objective on Rentokil Initial from GBX 340 ($4.70) to GBX 335 ($4.63) and set a “buy” rating on the stock in a report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. Rentokil Initial has an average rating of “Hold” and an average price target of GBX 298.57 ($4.13).

The company has a market cap of $5,420.00 and a price-to-earnings ratio of 798.38.

In related news, insider Linda Yueh bought 1,590 shares of the stock in a transaction dated Friday, December 22nd. The shares were acquired at an average cost of GBX 311 ($4.30) per share, for a total transaction of £4,944.90 ($6,831.86).

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About Rentokil Initial

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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