Rentokil Initial plc (LON:RTO) was downgraded by Royal Bank Of Canada to an “outperform” rating in a research report issued to clients and investors on Thursday. They currently have a GBX 260 ($3.22) price objective on the stock, up from their prior price objective of GBX 240 ($2.97). Royal Bank Of Canada’s price objective indicates a potential upside of 14.81% from the stock’s current price.
Other equities research analysts have also issued reports about the stock. HSBC raised shares of Rentokil Initial plc to a “hold” rating and upped their price objective for the company from GBX 145 ($1.79) to GBX 190 ($2.35) in a research note on Monday, July 18th. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a GBX 235 ($2.91) price objective on shares of Rentokil Initial plc in a research note on Friday, October 7th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 155 ($1.92) price objective on shares of Rentokil Initial plc in a research note on Friday, July 29th. Peel Hunt upped their price objective on shares of Rentokil Initial plc from GBX 178 ($2.20) to GBX 229 ($2.83) and gave the company an “add” rating in a research note on Friday, September 2nd. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 160 ($1.98) price objective on shares of Rentokil Initial plc in a research note on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Rentokil Initial plc has an average rating of “Buy” and an average target price of GBX 209.90 ($2.60).
Rentokil Initial plc (LON:RTO) opened at 224.20 on Thursday. The company has a 50-day moving average of GBX 221.44 and a 200-day moving average of GBX 198.76. The company’s market cap is GBX 4.09 billion. Rentokil Initial plc has a 52-week low of GBX 145.30 and a 52-week high of GBX 234.00.
In other Rentokil Initial plc news, insider Jeremy Townsend sold 24,921 shares of the company’s stock in a transaction on Friday, September 23rd. The shares were sold at an average price of GBX 221 ($2.74), for a total transaction of £55,075.41 ($68,162.64).
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.
Receive News & Ratings for Rentokil Initial plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rentokil Initial plc and related companies with MarketBeat.com's FREE daily email newsletter.