Andy M. Ransom Purchases 100,000 Shares of Rentokil Initial plc (RTO) Stock

Rentokil Initial plc (LON:RTO) insider Andy M. Ransom purchased 100,000 shares of Rentokil Initial stock in a transaction that occurred on Thursday, March 8th. The shares were bought at an average cost of GBX 262 ($3.62) per share, with a total value of £262,000 ($361,978.45).

Shares of LON:RTO remained flat at $GBX 271.70 ($3.75) during midday trading on Monday. Rentokil Initial plc has a 12-month low of GBX 238.20 ($3.29) and a 12-month high of GBX 338.80 ($4.68).

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The company also recently disclosed a dividend, which will be paid on Wednesday, May 16th. Investors of record on Thursday, April 12th will be paid a GBX 2.74 ($0.04) dividend. This is an increase from Rentokil Initial’s previous dividend of $1.14. The ex-dividend date is Thursday, April 12th. This represents a yield of 1.04%.

A number of analysts have recently issued reports on RTO shares. Numis Securities reaffirmed an “add” rating and issued a GBX 315 ($4.35) price objective on shares of Rentokil Initial in a research report on Wednesday, March 14th. Peel Hunt reissued an “add” rating and set a GBX 343 ($4.74) price target (down from GBX 348 ($4.81)) on shares of Rentokil Initial in a report on Tuesday, January 23rd. Jefferies Group raised Rentokil Initial to a “buy” rating and lifted their price target for the stock from GBX 335 ($4.63) to GBX 340 ($4.70) in a report on Friday, March 2nd. Deutsche Bank lowered their price objective on Rentokil Initial from GBX 340 ($4.70) to GBX 335 ($4.63) and set a “buy” rating on the stock in a research note on Tuesday, February 13th. Finally, Goldman Sachs assumed coverage on Rentokil Initial in a research note on Monday, December 4th. They issued a “buy” rating and a GBX 400 ($5.53) price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. Rentokil Initial has an average rating of “Buy” and an average price target of GBX 311.85 ($4.31).

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About Rentokil Initial

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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