Rentokil Initial (LON:RTO)‘s stock had its “neutral” rating reiterated by analysts at Peel Hunt in a note issued to investors on Thursday. They presently have a GBX 350 ($4.66) target price on the stock. Peel Hunt’s price objective suggests a potential upside of 0.72% from the company’s current price.
A number of other analysts also recently commented on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 350 ($4.66) price objective on shares of Rentokil Initial in a report on Monday, March 5th. Barclays increased their price objective on shares of Rentokil Initial from GBX 311 ($4.14) to GBX 325 ($4.33) and gave the company an “overweight” rating in a report on Friday, March 2nd. Jefferies Financial Group upgraded shares of Rentokil Initial to a “buy” rating and increased their price objective for the company from GBX 335 ($4.46) to GBX 340 ($4.53) in a report on Friday, March 2nd. Deutsche Bank reiterated a “buy” rating on shares of Rentokil Initial in a report on Friday, April 6th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a GBX 330 ($4.39) price objective on shares of Rentokil Initial in a report on Monday, March 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. Rentokil Initial presently has a consensus rating of “Buy” and an average target price of GBX 347.58 ($4.63).
Shares of Rentokil Initial traded up GBX 5.20 ($0.07), hitting GBX 347.50 ($4.63), during mid-day trading on Thursday, according to MarketBeat.com. 4,444,329 shares of the company were exchanged, compared to its average volume of 7,450,000. Rentokil Initial has a 1-year low of GBX 238.20 ($3.17) and a 1-year high of GBX 338.80 ($4.51).
In other news, insider Crispin Davis purchased 52,500 shares of the company’s stock in a transaction dated Friday, April 20th. The stock was acquired at an average price of GBX 285 ($3.79) per share, with a total value of £149,625 ($199,207.83). Also, insider Daragh Fagan sold 55,268 shares of the stock in a transaction that occurred on Monday, April 30th. The shares were sold at an average price of GBX 308 ($4.10), for a total transaction of £170,225.44 ($226,634.86).
Rentokil Initial Company Profile
Rentokil Initial plc, through its subsidiaries, provides route-based services in North America, the United Kingdom, Europe, Asia, Pacific, and rest of world. It offers a range of pest control services from rodents to flying insects, as well as to other forms of wildlife management for commercial and residential customers.
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