Trade Report: Today, Rentokil Initial plc’s (RTO) “Outperform” Rating Reaffirmed at Credit Suisse Group AG

Today, Rentokil Initial plc’s (RTO) “Outperform” Rating Reaffirmed at Credit Suisse Group AG

Rentokil Initial plc (LON:RTO)‘s stock had its “outperform” rating reaffirmed by research analysts at Credit Suisse Group AG in a note issued to investors on Friday. They presently have a GBX 235 ($3.07) price target on the stock. Credit Suisse Group AG’s price objective would suggest a potential upside of 2.89% from the stock’s current price.

Several other brokerages also recently issued reports on RTO. Royal Bank Of Canada reissued a “top pick” rating and set a GBX 240 ($3.13) target price on shares of Rentokil Initial plc in a research note on Tuesday. Barclays PLC lifted their target price on Rentokil Initial plc from GBX 218 ($2.85) to GBX 238 ($3.11) and gave the company an “overweight” rating in a research note on Wednesday, August 17th. Deutsche Bank AG raised Rentokil Initial plc to a “buy” rating and lifted their price objective for the stock from GBX 160 ($2.09) to GBX 240 ($3.13) in a research note on Tuesday, August 2nd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 155 ($2.02) price objective on shares of Rentokil Initial plc in a research note on Friday, July 29th. Finally, Peel Hunt lifted their price objective on Rentokil Initial plc from GBX 178 ($2.32) to GBX 229 ($2.99) and gave the stock an “add” rating in a research note on Friday, September 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 207.90 ($2.71).

Rentokil Initial plc (LON:RTO) opened at 228.40 on Friday. The company’s market cap is GBX 4.16 billion. The company’s 50 day moving average price is GBX 220.12 and its 200-day moving average price is GBX 196.89. Rentokil Initial plc has a one year low of GBX 143.30 and a one year high of GBX 234.00.

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

In other news, insider Jeremy Townsend sold 24,921 shares of Rentokil Initial plc stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of GBX 221 ($2.88), for a total value of £55,075.41 ($71,890.63).

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