Rentokil Initial (LON:RTO) had its price objective hoisted by Credit Suisse Group from GBX 330 ($4.39) to GBX 375 ($4.99) in a research note released on Monday morning. Credit Suisse Group currently has an outperform rating on the stock.
A number of other equities research analysts have also weighed in on the stock. Royal Bank of Canada raised their price target on shares of Rentokil Initial from GBX 350 ($4.66) to GBX 410 ($5.46) and gave the company an outperform rating in a report on Tuesday, June 12th. HSBC raised shares of Rentokil Initial to a buy rating and raised their price target for the company from GBX 290 ($3.86) to GBX 440 ($5.86) in a report on Monday, June 11th. Numis Securities lowered shares of Rentokil Initial to a hold rating and set a GBX 320 ($4.26) price target for the company. in a report on Thursday, May 17th. Deutsche Bank raised their price target on shares of Rentokil Initial from GBX 310 ($4.13) to GBX 320 ($4.26) and gave the company a hold rating in a report on Thursday, May 17th. Finally, Peel Hunt reaffirmed an add rating on shares of Rentokil Initial in a report on Wednesday, May 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. Rentokil Initial presently has a consensus rating of Buy and a consensus target price of GBX 346.73 ($4.62).
RTO opened at GBX 347.70 ($4.63) on Monday. Rentokil Initial has a twelve month low of GBX 238.20 ($3.17) and a twelve month high of GBX 338.80 ($4.51).
In other Rentokil Initial news, insider Daragh Fagan sold 55,268 shares of the stock in a transaction 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). Also, insider Crispin Davis acquired 52,500 shares of Rentokil Initial stock in a transaction on Friday, April 20th. The shares were bought at an average price of GBX 285 ($3.79) per share, for a total transaction of £149,625 ($199,207.83).
About Rentokil Initial
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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