Shares of Rentokil Initial plc (LON:RTO) shot up 0% during mid-day trading on Thursday . The company traded as high as GBX 308 ($4.12) and last traded at GBX 307 ($4.10). 4,718,775 shares traded hands during mid-day trading, an increase of 33% from the average session volume of 3,560,000 shares. The stock had previously closed at GBX 307 ($4.10).
A number of brokerages recently issued reports on RTO. Peel Hunt reiterated a “buy” rating and issued a GBX 348 ($4.65) price target on shares of Rentokil Initial in a report on Thursday. Credit Suisse Group lowered Rentokil Initial to a “neutral” rating and boosted their price target for the company from GBX 320 ($4.28) to GBX 340 ($4.55) in a report on Wednesday. Jefferies Group began coverage on Rentokil Initial in a report on Monday, December 4th. They issued a “hold” rating and a GBX 335 ($4.48) price target for the company. Goldman Sachs Group began coverage on Rentokil Initial in a report on Monday, December 4th. They issued a “buy” rating and a GBX 400 ($5.35) price target for the company. Finally, HSBC boosted their price target on Rentokil Initial from GBX 235 ($3.14) to GBX 290 ($3.88) and gave the company a “hold” rating in a report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 299.29 ($4.00).
The firm has a market capitalization of $5,640.00 and a P/E ratio of 840.27.
Rentokil Initial Company Profile
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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