Published On: Sun, Sep 11th, 2016

Rentokil Initial plc (RTO) Stock Rating Upgraded by Deutsche Bank AG

Rentokil Initial plc (LON:RTO) was upgraded by Deutsche Bank AG to a “buy” rating in a report released on Tuesday. The brokerage currently has a GBX 240 ($3.20) price objective on the stock, up from their prior price objective of GBX 160 ($2.13). Deutsche Bank AG’s target price indicates a potential upside of 9.34% from the company’s previous close.
Other analysts also recently issued reports about the stock. Peel Hunt boosted their price target on shares of Rentokil Initial plc from GBX 167 ($2.22) to GBX 178 ($2.37) and gave the stock an “add” rating in a research note on Thursday, April 7th. HSBC raised shares of Rentokil Initial plc to a “hold” rating and upped their price objective for the company from GBX 145 ($1.93) to GBX 190 ($2.53) in a research note on Monday, July 18th. Credit Suisse Group AG reaffirmed an “outperform” rating and set a GBX 190 ($2.53) price objective on shares of Rentokil Initial plc in a research note on Tuesday, April 19th. Barclays PLC upped their price objective on shares of Rentokil Initial plc from GBX 178 ($2.37) to GBX 215 ($2.86) and gave the company an “overweight” rating in a research note on Friday, July 8th. Finally, Royal Bank Of Canada upped their price objective on shares of Rentokil Initial plc from GBX 220 ($2.93) to GBX 240 ($3.20) and gave the company a “top pick” rating in a research note on Monday, July 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Rentokil Initial plc has an average rating of “Buy” and a consensus target price of GBX 207.90 ($2.77).
Rentokil Initial plc (LON:RTO) traded down 0.27% during trading on Tuesday, reaching GBX 219.50. The company’s stock had a trading volume of 3,945,910 shares. Rentokil Initial plc has a one year low of GBX 143.04 and a one year high of GBX 222.37. The company has a 50-day moving average of GBX 216.34 and a 200 day moving average of GBX 188.79. The firm’s market cap is GBX 4.00 billion.

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The firm also recently disclosed a dividend, which will be paid on Wednesday, September 14th. Shareholders of record on Thursday, August 11th will be issued a GBX 0.99 ($0.01) dividend. This represents a yield of 0.46%. The ex-dividend date of this dividend is Thursday, August 11th.
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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