Rentokil Initial plc (LON:RTO) had its target price upped by analysts at JPMorgan Chase & Co. from GBX 185 ($2.39) to GBX 194 ($2.50) in a report released on Thursday, April 20th. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.’s target price would suggest a potential downside of 24.84% from the company’s previous close.
A number of other equities analysts have also commented on the stock. HSBC Holdings plc reissued a “hold” rating and issued a GBX 235 ($3.03) price target on shares of Rentokil Initial plc in a report on Monday, April 10th. Royal Bank of Canada increased their target price on shares of Rentokil Initial plc from GBX 260 ($3.36) to GBX 270 ($3.49) and gave the company an “outperform” rating in a report on Wednesday, March 29th. Peel Hunt reaffirmed a “buy” rating and set a GBX 242 ($3.12) target price on shares of Rentokil Initial plc in a report on Wednesday, April 19th. Credit Suisse Group AG reaffirmed an “outperform” rating and set a GBX 270 ($3.49) target price on shares of Rentokil Initial plc in a report on Wednesday, April 19th. Finally, Deutsche Bank AG increased their target price on shares of Rentokil Initial plc from GBX 250 ($3.23) to GBX 260 ($3.36) and gave the company a “buy” rating in a report on Monday, February 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of GBX 249.80 ($3.22).
Shares of Rentokil Initial plc (LON:RTO) traded down 0.23% on Thursday, hitting GBX 257.50. The stock had a trading volume of 3,580,486 shares. The firm’s market capitalization is GBX 4.70 billion. The company has a 50 day moving average of GBX 250.77 and a 200-day moving average of GBX 231.99. Rentokil Initial plc has a 12-month low of GBX 164.00 and a 12-month high of GBX 260.10.
The company also recently disclosed a dividend, which was paid on Wednesday, May 17th. Shareholders of record on Thursday, April 6th were paid a dividend of GBX 2.38 ($0.03) per share. This is a positive change from Rentokil Initial plc’s previous dividend of $0.99. This represents a yield of 1.01%. The ex-dividend date was Thursday, April 6th.
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In related news, insider Chris Geoghegan purchased 19,830 shares of Rentokil Initial plc stock in a transaction dated Thursday, May 4th. The stock was purchased at an average cost of GBX 249 ($3.21) per share, for a total transaction of £49,376.70 ($63,736.54). Also, insider Daragh Fagan sold 418 shares of Rentokil Initial plc stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of GBX 245 ($3.16), for a total transaction of £1,024.10 ($1,321.93).
About Rentokil Initial plc
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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