Jefferies keeps 370p target for Rentokil Initial stock

Published on 10/18/2026 at 13:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue reached USD 3.59 billion, up 4.50 percent on the prior year. The third-quarter update for Rentokil Initial stock is due October 22, 2026.

Targets and reporting dates

Jefferies reaffirmed a GBp 370 target on October 16, 2026.
First-half revenue reached USD 3.59 billion in 2026, up 4.50 percent.
Rentokil Initial's third-quarter trading update is scheduled for October 22, 2026.

Aquarellbild einer ruhigen britischen Geschäftsstadt mit Bürogebäuden und Grünflächen — Aquarellmalerei zeigt britische Stadtansicht nahe Firmensitz von Rentokil Initial plc, ISIN GB00B082RF11, ruhige Geschäftsatmosphäre, Illustration mit AI erstellt.

Rentokil Initial (GB00B082RF11) had a GBp 370 price target reaffirmed by Jefferies on October 16, 2026, according to Markets Insider. The rating remained Buy, keeping the broker's target above the latest LSE closing price of GBp 315.90.

Targets reset before results

The broker activity around Rentokil has been mixed. Bank of America Securities reiterated Buy and set a GBp 415 target on October 12, 2026, according to Markets Insider.

Three targets in 18 days

Morgan Stanley cut its target to GBp 420 from GBp 500 on September 29, 2026, citing tougher U.S. pest-control competition, as Yahoo Finance reported. Bank of America then set GBp 415 on October 12, followed by Jefferies at GBp 370 on October 16.

What does the target imply?

Against the GBp 315.90 LSE close on October 16, 2026, Jefferies' GBp 370 target implies 17.13 percent upside. The comparison highlights the gap between a constructive broker view and the operational concerns cited by Morgan Stanley.

Reporting dates are next

Rentokil's investor calendar lists a third-quarter trading update for October 22, 2026 and preliminary results for February 25, 2027, according to the company's investor-relations page. The October update is the next scheduled test of the recovery narrative.

Stock context before the update

Rentokil Initial is listed on the London Stock Exchange under RTO and operates in the Industrials sector. Its first-half 2026 revenue rose 4.50 percent to USD 3.59 billion, while net income reached USD 196.00 million and net margin improved to 5.50 percent from 4.90 percent, according to Yahoo Finance. Those figures give the October update a clear test: continued revenue growth must be accompanied by further margin improvement.

Next scheduled company milestone

The next company event is the October 22, 2026 trading update, followed by the February 25, 2027 preliminary results. Together, the dates frame the period in which investors will assess whether the improved first-half margin can continue.

The further course of trading is shown by the continuously updated real-time quote of Rentokil stock.