Rentokil Initial (LON:RTO) was downgraded by Royal Bank of Canada to a “sector performer” rating in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports. They presently have a GBX 470 ($6.14) price objective on the stock, up from their previous price objective of GBX 410 ($5.36). Royal Bank of Canada’s price target would indicate a potential upside of 2.60% from the company’s current price.
A number of other equities analysts also recently issued reports on RTO. Barclays upped their price target on Rentokil Initial from GBX 350 ($4.57) to GBX 410 ($5.36) and gave the company an “overweight” rating in a report on Thursday, June 27th. Peel Hunt reaffirmed a “hold” rating on shares of Rentokil Initial in a report on Monday, July 29th. Deutsche Bank reaffirmed a “hold” rating on shares of Rentokil Initial in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. upped their price target on Rentokil Initial from GBX 395 ($5.16) to GBX 415 ($5.42) and gave the company an “overweight” rating in a report on Friday, July 26th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 413.71 ($5.41).
Shares of RTO opened at GBX 458.10 ($5.99) on Tuesday. The stock has a 50 day moving average price of GBX 428.57 and a 200 day moving average price of GBX 383.69. The company has a quick ratio of 0.74, a current ratio of 0.83 and a debt-to-equity ratio of 217.72. The company has a market capitalization of $8.46 billion and a price-to-earnings ratio of -86.43. Rentokil Initial has a 52-week low of GBX 280 ($3.66) and a 52-week high of GBX 456.90 ($5.97).
Rentokil Initial plc, through its subsidiaries, provides route-based services in North America, the United Kingdom, Europe, Asia, Pacific, and rest of world. It offers a range of pest control services from rodents to flying insects, as well as to other forms of wildlife management for commercial and residential customers.
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