Rentokil Initial plc (LON:RTO) PT Raised to GBX 211
Rentokil Initial plc (LON:RTO) had its price target boosted by J P Morgan Chase & Co from GBX 194 ($2.56) to GBX 211 ($2.78) in a research report sent to investors on Friday. They currently have an underweight rating on the stock.
Several other research firms have also recently weighed in on RTO. Barclays PLC reiterated an overweight rating and issued a GBX 311 ($4.10) price target on shares of Rentokil Initial plc in a report on Friday. BNP Paribas reiterated an outperform rating and issued a GBX 315 ($4.16) price target on shares of Rentokil Initial plc in a report on Friday, June 16th. Peel Hunt lifted their price target on shares of Rentokil Initial plc from GBX 242 ($3.19) to GBX 300 ($3.96) and gave the company a buy rating in a report on Thursday, July 27th. Royal Bank Of Canada lifted their price target on shares of Rentokil Initial plc from GBX 270 ($3.56) to GBX 300 ($3.96) and gave the company an outperform rating in a report on Monday, July 10th. Finally, Morgan Stanley lifted their price target on shares of Rentokil Initial plc from GBX 250 ($3.30) to GBX 265 ($3.50) and gave the company an overweight rating in a report on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of GBX 270.64 ($3.57).
Rentokil Initial plc (RTO) opened at 290.00 on Friday. The firm’s market cap is GBX 5.32 billion. The company’s 50 day moving average is GBX 277.92 and its 200-day moving average is GBX 253.71. Rentokil Initial plc has a 52-week low of GBX 204.50 and a 52-week high of GBX 293.00.
The company also recently disclosed a dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Thursday, August 10th will be given a dividend of GBX 1.14 ($0.02) per share. This represents a yield of 0.41%. The ex-dividend date of this dividend is Thursday, August 10th.
In other news, insider Chris Geoghegan acquired 19,830 shares of the stock in a transaction on Thursday, May 4th. The stock was acquired at an average price of GBX 249 ($3.28) per share, with a total value of £49,376.70 ($65,132.17).
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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