Rentokil Initial plc (RTO) Receives “Outperform” Rating from Credit Suisse Group AG
Several other equities analysts also recently weighed in on the stock. Royal Bank Of Canada reissued a top pick rating and issued a GBX 240 ($3.13) price target on shares of Rentokil Initial plc in a research note on Tuesday, October 4th. Peel Hunt raised their price target on shares of Rentokil Initial plc from GBX 178 ($2.32) to GBX 229 ($2.99) and gave the stock an add rating in a research note on Friday, September 2nd. Barclays PLC raised their price objective on shares of Rentokil Initial plc from GBX 218 ($2.85) to GBX 238 ($3.11) and gave the stock an overweight rating in a research report on Wednesday, August 17th. Deutsche Bank AG upgraded shares of Rentokil Initial plc to a buy rating and raised their price objective for the stock from GBX 160 ($2.09) to GBX 240 ($3.13) in a research report on Tuesday, August 2nd. Finally, JPMorgan Chase & Co. restated an underweight rating and set a GBX 155 ($2.02) price objective on shares of Rentokil Initial plc in a research report on Friday, July 29th. One analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of GBX 207.90 ($2.71).
Shares of Rentokil Initial plc (LON:RTO) traded up 0.09% during trading on Friday, reaching GBX 226.50. 2,181,964 shares of the company traded hands. The firm has a 50 day moving average of GBX 220.37 and a 200 day moving average of GBX 197.09. The stock’s market capitalization is GBX 4.13 billion. Rentokil Initial plc has a 52 week low of GBX 143.30 and a 52 week high of GBX 234.00.
The firm also recently disclosed a dividend, which was paid on Wednesday, September 14th. Stockholders of record on Thursday, August 11th were paid a GBX 0.99 ($0.01) dividend. This represents a dividend yield of 0.46%. The ex-dividend date of this dividend was Thursday, August 11th.
In other news, insider Jeremy Townsend sold 24,921 shares of the firm’s stock in a transaction that occurred on Friday, September 23rd. The shares were sold at an average price of GBX 221 ($2.88), for a total value of £55,075.41 ($71,890.63).
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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