Shares of Rentokil Initial plc (LON:RTO) were up 2% during mid-day trading on Monday . The stock traded as high as GBX 315.70 ($4.25) and last traded at GBX 315.50 ($4.25). Approximately 3,351,404 shares traded hands during trading, a decline of 20% from the average daily volume of 4,170,000 shares. The stock had previously closed at GBX 309.40 ($4.16).
Several analysts have recently issued reports on RTO shares. Peel Hunt upped their price target on Rentokil Initial from GBX 300 ($4.04) to GBX 348 ($4.68) and gave the stock a “buy” rating in a research note on Monday, November 13th. Goldman Sachs Group started coverage on Rentokil Initial in a research note on Monday, December 4th. They set a “buy” rating and a GBX 400 ($5.38) price target for the company. Jefferies Group started coverage on Rentokil Initial in a research note on Monday, December 4th. They set a “hold” rating and a GBX 335 ($4.51) price target for the company. HSBC upped their price target on Rentokil Initial from GBX 235 ($3.16) to GBX 290 ($3.90) and gave the stock a “hold” rating in a research note on Friday, November 17th. Finally, J P Morgan Chase & Co reiterated an “underweight” rating and set a GBX 211 ($2.84) price target on shares of Rentokil Initial in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. Rentokil Initial currently has an average rating of “Buy” and an average price target of GBX 294.29 ($3.96).
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Rentokil Initial 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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