Rentokil Initial plc 3.6% Potential Upside Indicated by JP Morgan Cazenove

Broker Ratings
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Rentokil Initial plc using EPIC/TICKER code (LON:RTO) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ today by analysts at JP Morgan Cazenove. Rentokil Initial plc are listed in the Industrials sector within UK Main Market. JP Morgan Cazenove have set a target price of 370 GBX on its stock. This is indicating the analyst believes there is a potential upside of 3.6% from today’s opening price of 357 GBX. Over the last 30 and 90 trading days the company share price has increased 7.5 points and increased 21.6 points respectively. The 52 week high for the stock is 361.2 GBX while the year low share price is currently 257.4 GBX.

Rentokil Initial plc has a 50 day moving average of 347.45 GBX and a 200 day moving average of 336.08. There are currently 1,843,332,965 shares in issue with the average daily volume traded being 5,938,998. Market capitalisation for LON:RTO is £6,600,975,460 GBP.

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    Rentokil Initial reports 3.6% revenue growth in Q3 2024, driven by strong European and Asian markets, with North America seeing a 1.4% growth.
    Rentokil Initial (LON:RTO) appoints Brian Baldwin as Non-Executive Director effective 1 October 2024, enhancing board expertise with his extensive investment experience.

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