Deutsche Bank Lowers Rentokil Initial (RTO) Price Target to GBX 335
Rentokil Initial (LON:RTO) had its price objective dropped by analysts at Deutsche Bank from GBX 340 ($4.70) to GBX 335 ($4.63) in a research report issued to clients and investors on Tuesday. The firm presently has a “buy” rating on the stock. Deutsche Bank’s target price indicates a potential upside of 17.96% from the company’s current price.
Other equities analysts have also issued reports about the company. Credit Suisse Group reduced their price objective on Rentokil Initial from GBX 340 ($4.70) to GBX 330 ($4.56) and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Peel Hunt reiterated an “add” rating and set a GBX 343 ($4.74) price objective (down from GBX 348 ($4.81)) on shares of Rentokil Initial in a research report on Tuesday, January 23rd. Jefferies Group assumed coverage on Rentokil Initial in a research report on Monday, December 4th. They set a “hold” rating and a GBX 335 ($4.63) price objective on the stock. Goldman Sachs Group assumed coverage on Rentokil Initial in a research report on Monday, December 4th. They set a “buy” rating and a GBX 400 ($5.53) price objective on the stock. Finally, HSBC increased their price objective on Rentokil Initial from GBX 235 ($3.25) to GBX 290 ($4.01) and gave the company a “hold” rating in a research report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 298.57 ($4.13).
Rentokil Initial (LON RTO) opened at GBX 284 ($3.92) on Tuesday. The company has a market capitalization of $5,180.00 and a PE ratio of 767.57. Rentokil Initial has a 1 year low of GBX 232.70 ($3.21) and a 1 year high of GBX 338.80 ($4.68).
About Rentokil Initial
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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