Jefferies Financial Group reiterated their buy rating on shares of Rentokil Initial (LON:RTO – Free Report) in a research note released on Thursday morning, Marketbeat Ratings reports. Jefferies Financial Group currently has a GBX 600 ($7.47) target price on the stock.
Separately, Royal Bank of Canada lifted their target price on Rentokil Initial from GBX 575 ($7.16) to GBX 590 ($7.34) and gave the stock an outperform rating in a research note on Tuesday, March 12th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of GBX 636.80 ($7.93).
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Rentokil Initial Stock Up 0.5 %
Rentokil Initial Increases Dividend
The firm also recently announced a dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be paid a dividend of GBX 5.93 ($0.07) per share. This is an increase from Rentokil Initial’s previous dividend of $2.75. This represents a dividend yield of 1.38%. The ex-dividend date is Thursday, April 4th. Rentokil Initial’s payout ratio is currently 6,000.00%.
Insider Buying and Selling
In related news, insider Andy M. Ransom sold 464,245 shares of Rentokil Initial stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of GBX 489 ($6.09), for a total transaction of £2,270,158.05 ($2,826,040.15). 1.10% of the stock is currently owned by insiders.
About Rentokil Initial
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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