Rentokil Initial plc (RTO) Shares Up 0% After Analyst Upgrade
Rentokil Initial plc (LON:RTO) shares rose 0% during mid-day trading on Monday after HSBC Holdings PLC raised their price target on the stock from GBX 235 to GBX 290. HSBC Holdings PLC currently has a hold rating on the stock. Rentokil Initial plc traded as high as GBX 3.23 ($0.04) and last traded at GBX 325.11 ($4.28). Approximately 3,735,992 shares changed hands during trading, a decline of 20% from the average daily volume of 4,650,000 shares. The stock had previously closed at GBX 325.11 ($4.28).
A number of other research analysts have also recently weighed in on RTO. Peel Hunt lifted their price objective on shares of Rentokil Initial plc from GBX 242 ($3.18) to GBX 300 ($3.95) and gave the company a “buy” rating in a report on Thursday, July 27th. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 311 ($4.09) price objective on shares of Rentokil Initial plc in a report on Friday, July 28th. J P Morgan Chase & Co lifted their price objective on shares of Rentokil Initial plc from GBX 194 ($2.55) to GBX 211 ($2.78) and gave the company an “underweight” rating in a report on Friday, July 28th. Finally, Deutsche Bank AG lifted their price objective on shares of Rentokil Initial plc from GBX 285 ($3.75) to GBX 330 ($4.34) and gave the company a “buy” rating in a report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of GBX 282.08 ($3.71).
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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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