Several other equities analysts have also recently commented on the stock. Credit Suisse Group cut shares of Rentokil Initial to a neutral rating and increased their price target for the stock from GBX 320 ($4.28) to GBX 340 ($4.55) in a research report on Wednesday. Jefferies Group assumed coverage on shares of Rentokil Initial in a research report on Monday, December 4th. They set a hold rating and a GBX 335 ($4.48) price target on the stock. Goldman Sachs Group assumed coverage on shares of Rentokil Initial in a research report on Monday, December 4th. They set a buy rating and a GBX 400 ($5.35) price target on the stock. HSBC increased their price target on shares of Rentokil Initial from GBX 235 ($3.14) to GBX 290 ($3.88) and gave the stock a hold rating in a research report on Friday, November 17th. Finally, JPMorgan Chase & Co. reissued an underweight rating and issued a GBX 211 ($2.82) target price on shares of Rentokil Initial in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Rentokil Initial presently has a consensus rating of Hold and a consensus price target of GBX 299.29 ($4.00).
Shares of Rentokil Initial (LON RTO) traded up GBX 3.90 ($0.05) during mid-day trading on Thursday, hitting GBX 310.90 ($4.16). 3,940,941 shares of the stock traded hands, compared to its average volume of 3,560,000. Rentokil Initial has a twelve month low of GBX 216.68 ($2.90) and a twelve month high of GBX 338.80 ($4.53). The company has a market capitalization of $5,640.00 and a PE ratio of 840.27.
In other news, insider Linda Yueh acquired 1,590 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The stock was purchased at an average price of GBX 311 ($4.16) per share, with a total value of £4,944.90 ($6,611.71).
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About Rentokil Initial
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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