Shares of Rentokil Initial plc (LON:RTO) have received an average recommendation of “Buy” from the eight brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is GBX 556.60 ($7.27).
A number of research analysts recently weighed in on RTO shares. Berenberg Bank reissued a “sell” rating and set a GBX 400 ($5.23) price target on shares of Rentokil Initial in a research report on Thursday, March 11th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Rentokil Initial in a research report on Thursday, February 11th. Jefferies Financial Group reissued a “buy” rating and set a GBX 675 ($8.82) price target on shares of Rentokil Initial in a research report on Thursday, January 28th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Rentokil Initial to a “buy” rating and raised their price target for the company from GBX 550 ($7.19) to GBX 565 ($7.38) in a research report on Friday, March 12th.
In related news, insider Stuart Ingall- Tombs sold 18,919 shares of the firm’s stock in a transaction dated Tuesday, March 30th. The shares were sold at an average price of GBX 485 ($6.34), for a total transaction of £91,757.15 ($119,881.30).
The business also recently disclosed a dividend, which will be paid on Wednesday, May 19th. Investors of record on Thursday, April 8th will be issued a dividend of GBX 5.41 ($0.07) per share. This represents a yield of 1.13%. The ex-dividend date is Thursday, April 8th. This is an increase from Rentokil Initial’s previous dividend of $3.64.
About Rentokil Initial
Rentokil Initial plc, through its subsidiaries, provides route-based services in North America, the United Kingdom, rest of Europe, Asia, the Pacific, and internationally. It offers a range of pest control services from rodents to flying and crawling insects, as well as to other forms of wildlife management for commercial and residential customers.
Read More: Return on Investment (ROI)
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