Rentokil Initial plc (LON:RTO) PT Raised to GBX 300

Rentokil Initial plc (LON:RTO) had its price target hoisted by stock analysts at Royal Bank of Canada from GBX 270 ($3.50) to GBX 300 ($3.89) in a research report issued on Monday. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 9.93% from the company’s current price.

Several other research analysts have also recently issued reports on RTO. Citigroup Inc. raised Rentokil Initial plc to a “neutral” rating and lifted their target price for the company from GBX 145 ($1.88) to GBX 240 ($3.11) in a research report on Monday, March 13th. Numis Securities Ltd reaffirmed an “add” rating and set a GBX 270 ($3.50) target price on shares of Rentokil Initial plc in a research report on Friday, March 31st. HSBC Holdings plc reaffirmed a “hold” rating and set a GBX 235 ($3.04) target price on shares of Rentokil Initial plc in a research report on Monday, April 10th. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 270 ($3.50) target price on shares of Rentokil Initial plc in a research report on Wednesday, April 19th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 242 ($3.13) target price on shares of Rentokil Initial plc in a research report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. Rentokil Initial plc currently has a consensus rating of “Buy” and an average price target of GBX 258.45 ($3.35).

Rentokil Initial plc (RTO) traded up 0.63% during trading on Monday, reaching GBX 273.40. The company’s stock had a trading volume of 1,660,847 shares. The company’s 50-day moving average is GBX 271.03 and its 200-day moving average is GBX 244.61. Rentokil Initial plc has a 12 month low of GBX 201.10 and a 12 month high of GBX 288.10. The stock’s market cap is GBX 4.99 billion.

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In other Rentokil Initial plc news, insider Daragh Fagan sold 418 shares of the business’s stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of GBX 245 ($3.17), for a total value of £1,024.10 ($1,326.55). Also, insider Chris Geoghegan acquired 19,830 shares of the business’s stock in a transaction on Thursday, May 4th. The stock was acquired at an average cost of GBX 249 ($3.23) per share, for a total transaction of £49,376.70 ($63,959.46).

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.

Analyst Recommendations for Rentokil Initial plc (LON:RTO)

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