JPMorgan Chase & Co. reiterated their buy rating on shares of Rentokil Initial (LON:RTO – Free Report) in a research note issued to investors on Tuesday morning, MarketBeat.com reports. The brokerage currently has a GBX 500 ($6.18) price objective on the stock.
Several other analysts have also commented on RTO. Jefferies Financial Group reissued a buy rating and set a GBX 600 ($7.41) target price on shares of Rentokil Initial in a research note on Thursday, April 18th. Royal Bank of Canada increased their target price on shares of Rentokil Initial from GBX 575 ($7.10) to GBX 590 ($7.29) and gave the company an outperform rating in a research note on Tuesday, March 12th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of GBX 614 ($7.58).
View Our Latest Stock Analysis on RTO
Rentokil Initial Stock Up 0.4 %
Rentokil Initial Increases Dividend
The company also recently declared a dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be given a GBX 5.93 ($0.07) dividend. This represents a dividend yield of 1.38%. The ex-dividend date is Thursday, April 4th. This is an increase from Rentokil Initial’s previous dividend of $2.75. Rentokil Initial’s dividend payout ratio is 6,000.00%.
Insider Activity at Rentokil Initial
In related news, insider Andy M. Ransom sold 464,245 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of GBX 489 ($6.04), for a total value of £2,270,158.05 ($2,804,048.97). 1.10% of the stock is owned by insiders.
Rentokil Initial Company Profile
Rentokil Initial plc, together with its subsidiaries, provides route-based services in North America, the United Kingdom, rest of Europe, Asia, the Pacific, and internationally. It offers a range of pest control services for rodents, and flying and crawling insects, as well as other forms of wildlife management for commercial customers.
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