Rentokil Initial plc (LON:RTO – Get Free Report) traded down 19.5% during trading on Thursday after JPMorgan Chase & Co. lowered their price target on the stock from GBX 477 to GBX 431. JPMorgan Chase & Co. currently has an overweight rating on the stock. Rentokil Initial traded as low as GBX 344.60 and last traded at GBX 352. 63,397,602 shares traded hands during trading, an increase of 76% from the average daily volume of 35,922,750 shares. The stock had previously closed at GBX 437.13.
RTO has been the subject of several other research reports. Citigroup decreased their price objective on Rentokil Initial from GBX 575 to GBX 550 and set a “buy” rating for the company in a report on Friday. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 550 price objective on shares of Rentokil Initial in a research report on Thursday, July 9th. Finally, Royal Bank Of Canada cut their price objective on Rentokil Initial from GBX 540 to GBX 480 and set an “outperform” rating for the company in a report on Thursday. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Rentokil Initial currently has an average rating of “Moderate Buy” and an average price target of GBX 463.
Get Our Latest Analysis on Rentokil Initial
Rentokil Initial Stock Down 2.0%
Rentokil Initial Company Profile
Rentokil Initial plc, together with its subsidiaries, provides route-based services in North America, the United Kingdom, rest of Europe, Asia, the Pacific, and internationally. It offers a range of pest control services for rodents, and flying and crawling insects, as well as other forms of wildlife management for commercial customers. The company provides hygiene services, including the provision and maintenance of products, such as soap and hand sanitizer dispensers, hand dryers, air care and purification, cubicle and surface sanitizers, feminine hygiene units, toilet paper dispensers, and floor protection mats.
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