Jefferies Financial Group reissued their buy rating on shares of Rentokil Initial (LON:RTO – Free Report) in a research report report published on Thursday, Marketbeat reports. They currently have a GBX 600 ($7.47) target price on the stock.
Separately, Royal Bank of Canada boosted their target price on shares of Rentokil Initial from GBX 575 ($7.16) to GBX 590 ($7.34) and gave the company an outperform rating in a research note on Tuesday, March 12th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of GBX 636.80 ($7.93).
Read Our Latest Stock Report on RTO
Rentokil Initial Trading Up 0.5 %
Rentokil Initial Increases Dividend
The business also recently declared a dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be paid a GBX 5.93 ($0.07) dividend. This is a positive change from Rentokil Initial’s previous dividend of $2.75. This represents a dividend yield of 1.38%. The ex-dividend date of this dividend is Thursday, April 4th. Rentokil Initial’s dividend payout ratio is currently 6,000.00%.
Insider Transactions at Rentokil Initial
In other news, insider Andy M. Ransom sold 464,245 shares of the company’s stock in a transaction that occurred 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). Company insiders own 1.10% of the company’s stock.
Rentokil Initial Company Profile
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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