A number of other research analysts have also commented on the company. Deutsche Bank lowered Rentokil Initial to a hold rating and decreased their price objective for the company from GBX 335 ($4.80) to GBX 310 ($4.44) in a research report on Monday, April 16th. Royal Bank of Canada reiterated an outperform rating and issued a GBX 350 ($5.01) price objective on shares of Rentokil Initial in a research report on Friday, April 13th. Numis Securities reiterated an add rating and issued a GBX 315 ($4.51) price objective on shares of Rentokil Initial in a research report on Wednesday, March 14th. Credit Suisse Group reiterated an outperform rating and issued a GBX 330 ($4.73) price objective on shares of Rentokil Initial in a research report on Monday, March 5th. Finally, Jefferies Group upgraded Rentokil Initial to a buy rating and increased their price objective for the company from GBX 335 ($4.80) to GBX 340 ($4.87) in a research report on Friday, March 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of GBX 316.17 ($4.53).
Shares of RTO opened at GBX 286.30 ($4.10) on Thursday. Rentokil Initial has a 52 week low of GBX 238.20 ($3.41) and a 52 week high of GBX 338.80 ($4.85).
In related news, insider Andy M. Ransom purchased 100,000 shares of the business’s stock in a transaction dated Thursday, March 8th. The shares were bought at an average price of GBX 262 ($3.75) per share, with a total value of £262,000 ($375,143.18). Also, insider Crispin Davis purchased 52,500 shares of the business’s stock in a transaction dated Friday, April 20th. The stock was bought at an average cost of GBX 285 ($4.08) per share, for a total transaction of £149,625 ($214,239.69).
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Rentokil Initial Company Profile
Rentokil Initial plc, through its subsidiaries, provides route-based services in North America, the United Kingdom, rest of Europe, Asia, 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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