Rentokil Initial plc (RTO) Trading 1.1% Higher
Rentokil Initial plc (LON:RTO) shares traded up 1.1% during mid-day trading on Monday . The company traded as high as GBX 297.20 ($4.00) and last traded at GBX 296.20 ($3.98). 3,067,786 shares traded hands during mid-day trading, a decline of 6% from the average session volume of 3,256,060 shares. The stock had previously closed at GBX 292.90 ($3.94).
A number of research analysts have issued reports on the company. Deutsche Bank AG boosted their target price on Rentokil Initial plc from GBX 285 ($3.83) to GBX 330 ($4.44) and gave the company a “buy” rating in a research note on Friday, August 18th. Barclays PLC reissued an “overweight” rating and issued a GBX 311 ($4.18) target price on shares of Rentokil Initial plc in a research note on Friday, July 28th. J P Morgan Chase & Co boosted their target price on Rentokil Initial plc from GBX 194 ($2.61) to GBX 211 ($2.84) and gave the company an “underweight” rating in a research note on Friday, July 28th. Royal Bank Of Canada boosted their target price on Rentokil Initial plc from GBX 270 ($3.63) to GBX 300 ($4.03) and gave the company an “outperform” rating in a research note on Monday, July 10th. Finally, Peel Hunt boosted their target price on Rentokil Initial plc from GBX 242 ($3.25) to GBX 300 ($4.03) and gave the company a “buy” rating in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. Rentokil Initial plc currently has an average rating of “Buy” and an average target price of GBX 277 ($3.73).
The company’s 50 day moving average price is GBX 296.01 and its 200 day moving average price is GBX 270.08. The stock’s market cap is GBX 5.43 billion.
The firm also recently declared a dividend, which was paid on Wednesday, September 13th. Shareholders of record on Thursday, August 10th were issued a dividend of GBX 1.14 ($0.02) per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a yield of 0.41%.
In other news, insider Jeremy Townsend sold 219,156 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of GBX 291 ($3.91), for a total value of £637,743.96 ($857,643.84).
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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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