BNP Paribas Reiterates Outperform Rating for Rentokil Initial plc (RTO)

Rentokil Initial plc (LON:RTO)‘s stock had its “outperform” rating reiterated by research analysts at BNP Paribas in a note issued to investors on Friday. They currently have a GBX 315 ($4.01) price objective on the stock. BNP Paribas’ price objective suggests a potential upside of 9.99% from the stock’s current price.

RTO has been the topic of a number of other reports. Peel Hunt reaffirmed a “buy” rating and issued a GBX 242 ($3.08) price objective on shares of Rentokil Initial plc in a report on Wednesday, April 19th. Citigroup Inc. raised Rentokil Initial plc to a “neutral” rating and upped their price objective for the company from GBX 145 ($1.85) to GBX 240 ($3.06) in a report on Monday, March 13th. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 270 ($3.44) price objective on shares of Rentokil Initial plc in a report on Wednesday, April 19th. J P Morgan Chase & Co upped their price objective on Rentokil Initial plc from GBX 185 ($2.36) to GBX 194 ($2.47) and gave the company an “underweight” rating in a report on Thursday, April 20th. Finally, Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 270 ($3.44) price objective on shares of Rentokil Initial plc in a report on Friday, March 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of GBX 255.73 ($3.26).

Analyst Recommendations for Rentokil Initial plc (LON:RTO)

Shares of Rentokil Initial plc (RTO) opened at 286.30 on Friday. The firm’s market cap is GBX 5.22 billion. The firm’s 50-day moving average is GBX 264.95 and its 200-day moving average is GBX 240.49. Rentokil Initial plc has a 1-year low of GBX 164.00 and a 1-year high of GBX 287.90.

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In related news, insider Daragh Fagan sold 418 shares of the firm’s stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of GBX 245 ($3.12), for a total value of £1,024.10 ($1,304.75). Also, insider Chris Geoghegan acquired 19,830 shares of Rentokil Initial plc stock in a transaction that occurred on Thursday, May 4th. The stock was acquired at an average cost of GBX 249 ($3.17) per share, for a total transaction of £49,376.70 ($62,908.27).

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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