Rentokil Initial plc (RTO) Stock Price Up 1.3%
Rentokil Initial plc (LON:RTO) rose 1.3% during trading on Tuesday . The company traded as high as GBX 308.40 ($4.09) and last traded at GBX 306.80 ($4.07). Approximately 3,091,494 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 3,720,440 shares. The stock had previously closed at GBX 302.80 ($4.02).
RTO has been the subject of a number of recent research reports. Barclays PLC reiterated an “overweight” rating and issued a GBX 311 ($4.13) target price on shares of Rentokil Initial plc in a research report on Friday, July 28th. Deutsche Bank AG increased their target price on shares of Rentokil Initial plc from GBX 285 ($3.78) to GBX 330 ($4.38) and gave the company a “buy” rating in a research report on Friday, August 18th. J P Morgan Chase & Co increased their target price on shares of Rentokil Initial plc from GBX 194 ($2.57) to GBX 211 ($2.80) and gave the company an “underweight” rating in a research report on Friday, July 28th. BNP Paribas reiterated an “outperform” rating and issued a GBX 315 ($4.18) target price on shares of Rentokil Initial plc in a research report on Friday, June 16th. Finally, Royal Bank Of Canada increased their target price on shares of Rentokil Initial plc from GBX 270 ($3.58) to GBX 300 ($3.98) and gave the company an “outperform” rating in a research report on Monday, July 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of GBX 277 ($3.67).
The stock’s market capitalization is GBX 5.63 billion. The stock’s 50 day moving average price is GBX 298.71 and its 200 day moving average price is GBX 274.39.
The company also recently announced a dividend, which was paid on Wednesday, September 13th. Investors of record on Thursday, August 10th were paid a GBX 1.14 ($0.02) dividend. This represents a yield of 0.41%. The ex-dividend date of this dividend was Thursday, August 10th.
In related news, insider Jeremy Townsend sold 219,156 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of GBX 291 ($3.86), for a total value of £637,743.96 ($845,926.46).
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Rentokil Initial plc 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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