Trade Report: The Rentokil Initial plc (RTO) Lowered to “Outperform” at Royal Bank Of Canada

The Rentokil Initial plc (RTO) Lowered to “Outperform” at Royal Bank Of Canada

Rentokil Initial plc (LON:RTO) was downgraded by Royal Bank Of Canada to an “outperform” rating in a research note issued to investors on Thursday. They presently have a GBX 260 ($3.22) price target on the stock, up from their previous price target of GBX 240 ($2.97). Royal Bank Of Canada’s target price points to a potential upside of 15.56% from the company’s previous close.

Several other research firms also recently issued reports on RTO. Credit Suisse Group AG reiterated an “outperform” rating and set a GBX 235 ($2.91) price objective on shares of Rentokil Initial plc in a research note on Friday, October 7th. Peel Hunt boosted their price objective on shares of Rentokil Initial plc from GBX 178 ($2.20) to GBX 229 ($2.83) and gave the stock an “add” rating in a research note on Friday, September 2nd. Barclays PLC boosted their price objective on shares of Rentokil Initial plc from GBX 218 ($2.70) to GBX 238 ($2.95) and gave the stock an “overweight” rating in a research note on Wednesday, August 17th. Deutsche Bank AG upgraded shares of Rentokil Initial plc to a “buy” rating and boosted their price objective for the stock from GBX 160 ($1.98) to GBX 240 ($2.97) in a research note on Tuesday, August 2nd. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a GBX 155 ($1.92) price objective on shares of Rentokil Initial plc in a research note on Friday, July 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Rentokil Initial plc presently has a consensus rating of “Buy” and a consensus price target of GBX 209.90 ($2.60).

Shares of Rentokil Initial plc (LON:RTO) opened at 224.50 on Thursday. The firm’s 50-day moving average is GBX 220.92 and its 200-day moving average is GBX 198.38. The firm’s market capitalization is GBX 4.09 billion. Rentokil Initial plc has a 12-month low of GBX 143.30 and a 12-month high of GBX 234.00.

The business also recently declared a dividend, which was paid on Wednesday, September 14th. Investors of record on Thursday, August 11th were issued a GBX 0.99 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a yield of 0.46%.

In related news, insider Jeremy Townsend sold 24,921 shares of the company’s stock in a transaction on Friday, September 23rd. The shares were sold at an average price of GBX 221 ($2.74), for a total value of £55,075.41 ($68,162.64).

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