Rentokil Initial plc (LON:RTO) has earned a consensus recommendation of “Buy” from the thirteen ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 311.85 ($4.31).
Several equities research analysts have recently commented on the stock. Numis Securities reiterated an “add” rating and set a GBX 315 ($4.35) price objective on shares of Rentokil Initial in a research note on Wednesday, March 14th. Credit Suisse Group reiterated an “outperform” rating and set a GBX 330 ($4.56) price objective on shares of Rentokil Initial in a research note on Monday, March 5th. Deutsche Bank lowered their price objective on shares of Rentokil Initial from GBX 340 ($4.70) to GBX 335 ($4.63) and set a “buy” rating for the company in a research note on Tuesday, February 13th. Peel Hunt reiterated an “add” rating and set a GBX 343 ($4.74) price objective (down from GBX 348 ($4.81)) on shares of Rentokil Initial in a research note on Tuesday, January 23rd. Finally, Jefferies Group upgraded shares of Rentokil Initial to a “buy” rating and lifted their price objective for the stock from GBX 335 ($4.63) to GBX 340 ($4.70) in a research note on Friday, March 2nd.
In other Rentokil Initial news, insider Andy M. Ransom bought 100,000 shares of Rentokil Initial stock in a transaction that occurred on Thursday, March 8th. The stock was purchased at an average price of GBX 262 ($3.62) per share, with a total value of £262,000 ($361,978.45).
Rentokil Initial stock traded up GBX 3.90 ($0.05) during trading hours on Wednesday, hitting GBX 271.20 ($3.75). 5,556,199 shares of the stock traded hands, compared to its average volume of 7,450,000. Rentokil Initial has a 1-year low of GBX 238.20 ($3.29) and a 1-year high of GBX 338.80 ($4.68). The firm has a market capitalization of $5,080.00 and a P/E ratio of 732.97.
The firm also recently announced a dividend, which will be paid on Wednesday, May 16th. Investors of record on Thursday, April 12th will be issued a dividend of GBX 2.74 ($0.04) per share. This represents a dividend yield of 1.04%. The ex-dividend date is Thursday, April 12th. This is a boost from Rentokil Initial’s previous dividend of $1.14.
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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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