Shares of Rentokil Initial plc (LON:RTO – Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 451.92 ($5.63) and traded as high as GBX 452.70 ($5.64). Rentokil Initial shares last traded at GBX 446.90 ($5.56), with a volume of 6,759,328 shares.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on RTO shares. Royal Bank of Canada increased their price target on shares of Rentokil Initial from GBX 575 ($7.16) to GBX 590 ($7.34) and gave the stock an “outperform” rating in a research note on Tuesday, March 12th. Jefferies Financial Group restated a “buy” rating and set a GBX 600 ($7.47) price target on shares of Rentokil Initial in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 636.80 ($7.93).
Get Our Latest Research Report on Rentokil Initial
Rentokil Initial Stock Up 2.4 %
Rentokil Initial Increases Dividend
The company also recently announced a dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be paid a GBX 5.93 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, April 4th. This is a positive change from Rentokil Initial’s previous dividend of $2.75. This represents a yield of 1.38%. Rentokil Initial’s dividend payout ratio (DPR) is presently 6,000.00%.
Insider Activity at Rentokil Initial
In related news, insider Andy M. Ransom sold 464,245 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of GBX 489 ($6.09), for a total value of £2,270,158.05 ($2,826,040.15). 1.10% of the stock is currently owned by company insiders.
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 for rodents, and flying and crawling insects, as well as other forms of wildlife management for commercial customers.
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