Rentokil Initial (RTO) Stock Rating Reaffirmed by Numis Securities

Rentokil Initial (LON:RTO)‘s stock had its “add” rating restated by Numis Securities in a note issued to investors on Wednesday, March 14th. They currently have a GBX 315 ($4.42) price objective on the stock. Numis Securities’ price objective suggests a potential upside of 15.05% from the company’s previous close.

A number of other equities research analysts also recently commented on the stock. Credit Suisse Group reiterated an “outperform” rating and set a GBX 330 ($4.63) price target on shares of Rentokil Initial in a report on Monday, March 5th. Royal Bank of Canada restated an “outperform” rating and issued a GBX 350 ($4.91) target price on shares of Rentokil Initial in a report on Monday, March 5th. Jefferies Group upgraded shares of Rentokil Initial to a “buy” rating and boosted their target price for the company from GBX 335 ($4.70) to GBX 340 ($4.77) in a report on Friday, March 2nd. Barclays boosted their target price on shares of Rentokil Initial from GBX 311 ($4.37) to GBX 325 ($4.56) and gave the company an “overweight” rating in a report on Friday, March 2nd. Finally, Peel Hunt reiterated an “add” rating and set a GBX 343 ($4.81) price objective on shares of Rentokil Initial in a research note on Thursday, March 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 311.85 ($4.38).

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RTO traded down GBX 1.20 ($0.02) during midday trading on Wednesday, reaching GBX 273.80 ($3.84). 3,465,899 shares of the company’s stock were exchanged, compared to its average volume of 7,450,000. Rentokil Initial has a 1-year low of GBX 238.20 ($3.34) and a 1-year high of GBX 338.80 ($4.76).

In other news, insider Andy M. Ransom bought 100,000 shares of Rentokil Initial stock in a transaction dated Thursday, March 8th. The shares were acquired at an average cost of GBX 262 ($3.68) per share, with a total value of £262,000 ($367,770.92).

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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.

Analyst Recommendations for Rentokil Initial (LON:RTO)

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