Research analysts at Jefferies Group began coverage on shares of Rentokil Initial (LON:RTO) in a report released on Monday. The firm set a “hold” rating and a GBX 335 ($4.51) price target on the stock. Jefferies Group’s price target would suggest a potential upside of 6.18% from the company’s previous close.
A number of other research firms also recently commented on RTO. Goldman Sachs Group started coverage on shares of Rentokil Initial in a report on Monday. They set a “buy” rating and a GBX 400 ($5.38) price objective on the stock. Deutsche Bank boosted their price objective on shares of Rentokil Initial from GBX 285 ($3.84) to GBX 330 ($4.44) and gave the stock a “buy” rating in a report on Friday, August 18th. Peel Hunt boosted their price objective on shares of Rentokil Initial from GBX 300 ($4.04) to GBX 348 ($4.68) and gave the stock a “buy” rating in a report on Monday, November 13th. HSBC upped their price target on shares of Rentokil Initial from GBX 235 ($3.16) to GBX 290 ($3.90) and gave the company a “hold” rating in a report on Friday, November 17th. Finally, J P Morgan Chase & Co reaffirmed an “underweight” rating and issued a GBX 211 ($2.84) price target on shares of Rentokil Initial in a report on Friday, October 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. Rentokil Initial presently has an average rating of “Buy” and a consensus target price of GBX 294.29 ($3.96).
Rentokil Initial (LON:RTO) traded up GBX 0.40 ($0.01) during mid-day trading on Monday, reaching GBX 315.50 ($4.25). 5,009,937 shares of the company were exchanged, compared to its average volume of 4,790,000. Rentokil Initial has a 52-week low of GBX 204.50 ($2.75) and a 52-week high of GBX 338.80 ($4.56).
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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