Rentokil Initial (LON:RTO)‘s stock had its “overweight” rating reaffirmed by equities research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday, October 17th. They presently have a GBX 345 ($4.51) price target on the stock, up from their prior price target of GBX 211 ($2.76). JPMorgan Chase & Co.’s price target would indicate a potential upside of 10.22% from the stock’s current price.
A number of other equities research analysts have also recently weighed in on the company. Deutsche Bank upped their price objective on Rentokil Initial from GBX 320 ($4.18) to GBX 325 ($4.25) and gave the stock a “hold” rating in a research note on Friday, August 17th. Jefferies Financial Group reiterated a “hold” rating on shares of Rentokil Initial in a research note on Monday, August 6th. Peel Hunt reiterated an “add” rating on shares of Rentokil Initial in a research note on Monday, October 15th. Numis Securities reiterated a “hold” rating and issued a GBX 330 ($4.31) price target on shares of Rentokil Initial in a research note on Wednesday, August 1st. Finally, Citigroup increased their price target on Rentokil Initial from GBX 240 ($3.14) to GBX 350 ($4.57) and gave the company a “neutral” rating in a research note on Tuesday, July 3rd. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 365.83 ($4.78).
Shares of LON RTO traded down GBX 2.30 ($0.03) during mid-day trading on Wednesday, reaching GBX 313 ($4.09). 2,893,032 shares of the company were exchanged, compared to its average volume of 7,450,000. Rentokil Initial has a 1 year low of GBX 238.20 ($3.11) and a 1 year high of GBX 338.80 ($4.43).
Rentokil Initial plc, through its subsidiaries, provides route-based services in North America, the United Kingdom, Europe, Asia, Pacific, 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.
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