Royal Bank Of Canada reiterated their top pick rating on shares of Rentokil Initial plc (LON:RTO) in a research note released on Tuesday. Royal Bank Of Canada currently has a GBX 240 ($3.13) price target on the stock.
Several other brokerages have also recently weighed in on RTO. Deutsche Bank AG upgraded shares of Rentokil Initial plc to a buy rating and boosted their price target for the stock from GBX 160 ($2.09) to GBX 240 ($3.13) in a research report on Tuesday, August 2nd. Barclays PLC boosted their price target 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. JPMorgan Chase & Co. boosted their price target on shares of Rentokil Initial plc from GBX 147 ($1.92) to GBX 155 ($2.02) and gave the stock an underweight rating in a research report on Friday, July 8th. Credit Suisse Group AG restated an outperform rating and issued a GBX 225 ($2.94) price target on shares of Rentokil Initial plc in a research report on Friday, July 1st. Finally, Peel Hunt restated an add rating and issued a GBX 178 ($2.32) price target on shares of Rentokil Initial plc in a research report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of GBX 207.90 ($2.71).
Rentokil Initial plc (LON:RTO) opened at 228.20 on Tuesday. Rentokil Initial plc has a 12 month low of GBX 143.30 and a 12 month high of GBX 234.00. The company’s 50-day moving average is GBX 220.12 and its 200-day moving average is GBX 196.89. The stock’s market capitalization is GBX 4.16 billion.
The business also recently declared a dividend, which was paid on Wednesday, September 14th. Stockholders of record on Thursday, August 11th were issued a GBX 0.99 ($0.01) dividend. This represents a dividend yield of 0.46%. The ex-dividend date was Thursday, August 11th.
In other news, insider Jeremy Townsend sold 24,921 shares of the company’s stock in a transaction dated 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).
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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