Rentokil Initial (LON:RTO)‘s stock had its “overweight” rating reaffirmed by research analysts at JPMorgan Chase & Co. in a research note issued on Wednesday, October 17th. They currently have a GBX 345 ($4.51) price objective on the stock, up from their prior price objective of GBX 211 ($2.76). JPMorgan Chase & Co.’s target price would suggest a potential upside of 10.22% from the stock’s previous close.
Several other brokerages have also issued reports on RTO. Numis Securities reiterated a “hold” rating and issued a GBX 330 ($4.31) price target on shares of Rentokil Initial in a report on Wednesday, August 1st. Citigroup raised their target price on Rentokil Initial from GBX 240 ($3.14) to GBX 350 ($4.57) and gave the company a “neutral” rating in a report on Tuesday, July 3rd. Peel Hunt lowered Rentokil Initial to a “hold” rating and raised their target price for the company from GBX 340 ($4.44) to GBX 380 ($4.97) in a report on Tuesday, July 10th. Jefferies Financial Group lowered Rentokil Initial to a “hold” rating and raised their target price for the company from GBX 340 ($4.44) to GBX 380 ($4.97) in a report on Tuesday, July 10th. Finally, Deutsche Bank increased their price target on Rentokil Initial from GBX 320 ($4.18) to GBX 325 ($4.25) and gave the company a “hold” rating in a research report on Friday, August 17th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Rentokil Initial has a consensus rating of “Buy” and an average price target of GBX 365.83 ($4.78).
Shares of RTO stock traded down GBX 2.30 ($0.03) on Wednesday, hitting GBX 313 ($4.09). The company had a trading volume of 2,893,032 shares, compared to its average volume of 7,450,000. Rentokil Initial has a twelve month low of GBX 238.20 ($3.11) and a twelve month high of GBX 338.80 ($4.43).
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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