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.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/11/rentokil-initial-plc-rto-stock-rating-upgraded-by-deutsche-bank-ag.html

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.

Receive News & Ratings for Rentokil Initial plc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Rentokil Initial plc and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>