Analysts Set Rentokil Initial plc (RTO) Price Target at $277.00

Shares of Rentokil Initial plc (LON:RTO) have received an average rating of “Buy” from the eleven brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is GBX 277 ($3.58).

RTO has been the topic of a number of recent analyst reports. Barclays PLC reiterated an “overweight” rating and set a GBX 311 ($4.02) target price on shares of Rentokil Initial plc in a research note on Friday, July 28th. Deutsche Bank AG lifted their target price on Rentokil Initial plc from GBX 285 ($3.68) to GBX 330 ($4.26) and gave the stock a “buy” rating in a research note on Friday, August 18th. J P Morgan Chase & Co lifted their target price on Rentokil Initial plc from GBX 194 ($2.51) to GBX 211 ($2.73) and gave the stock an “underweight” rating in a research note on Friday, July 28th. BNP Paribas reiterated an “outperform” rating and set a GBX 315 ($4.07) target price on shares of Rentokil Initial plc in a research note on Friday, June 16th. Finally, Royal Bank Of Canada lifted their target price on Rentokil Initial plc from GBX 270 ($3.49) to GBX 300 ($3.87) and gave the stock an “outperform” rating in a research note on Monday, July 10th.

Shares of Rentokil Initial plc (RTO) traded down 0.46% during trading on Friday, hitting GBX 305.40. 5,099,682 shares of the stock traded hands. The stock has a 50 day moving average price of GBX 293.67 and a 200-day moving average price of GBX 268.06. Rentokil Initial plc has a 1-year low of GBX 204.50 and a 1-year high of GBX 309.98. The stock’s market cap is GBX 5.60 billion.

The company also recently disclosed a dividend, which will be paid on Wednesday, September 13th. Investors of record on Thursday, August 10th will be paid a GBX 1.14 ($0.01) dividend. This represents a yield of 0.41%. The ex-dividend date of this dividend is Thursday, August 10th.

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In related news, insider Jeremy Townsend sold 219,156 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of GBX 291 ($3.76), for a total value of £637,743.96 ($823,639.36).

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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