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.
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.
This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2285434/rentokil-initial-plc-lonrto-pt-raised-to-gbx-300.html
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.