Shares of Rentokil Initial plc (LON:RTO) have earned a consensus rating of “Buy” from the eight research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 614 ($8.02).
A number of brokerages have weighed in on RTO. Berenberg Bank upgraded Rentokil Initial to a “hold” rating and lifted their target price for the stock from GBX 440 ($5.75) to GBX 510 ($6.66) in a report on Monday, November 1st. Morgan Stanley reiterated an “overweight” rating on shares of Rentokil Initial in a report on Monday, November 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Rentokil Initial in a report on Tuesday, October 19th. Royal Bank of Canada boosted their price objective on Rentokil Initial from GBX 625 ($8.17) to GBX 645 ($8.43) and gave the company an “outperform” rating in a report on Thursday, July 29th. Finally, Barclays restated an “overweight” rating and set a GBX 610 ($7.97) price objective on shares of Rentokil Initial in a report on Thursday, October 21st.
In related news, insider Stuart Ingall- Tombs sold 8,708 shares of the company’s stock in a transaction on Monday, September 6th. The stock was sold at an average price of GBX 583 ($7.62), for a total transaction of £50,767.64 ($66,328.25).
About Rentokil Initial
Rentokil Initial plc, together with its subsidiaries, provides route-based services in North America, the United Kingdom, rest of Europe, Asia, the Pacific, and internationally. It offers a range of pest control services from rodents to flying and crawling insects, as well as to other forms of wildlife management for commercial and residential customers.
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