Rentokil Initial (LON:RTO) Earns Hold Rating from Peel Hunt

Peel Hunt reaffirmed their hold rating on shares of Rentokil Initial (LON:RTO) in a research report sent to investors on Thursday, ThisIsMoney.Co.Uk reports.

Several other analysts have also issued reports on RTO. JPMorgan Chase & Co. upgraded Rentokil Initial to an overweight rating and upped their price objective for the company from GBX 430 ($5.29) to GBX 560 ($6.89) in a research note on Friday, June 26th. Goldman Sachs Group upped their price objective on Rentokil Initial from GBX 500 ($6.15) to GBX 570 ($7.01) and gave the company a buy rating in a research note on Friday, July 17th. Credit Suisse Group upped their price objective on Rentokil Initial from GBX 360 ($4.43) to GBX 390 ($4.80) and gave the company a neutral rating in a research note on Friday, April 17th. Jefferies Financial Group upped their price objective on Rentokil Initial from GBX 520 ($6.40) to GBX 540 ($6.65) and gave the company a buy rating in a research note on Wednesday, April 29th. Finally, Deutsche Bank upped their price objective on Rentokil Initial from GBX 390 ($4.80) to GBX 550 ($6.77) and gave the company a hold rating in a research note on Friday, July 24th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of GBX 489.55 ($6.02).

RTO opened at GBX 534.20 ($6.57) on Thursday. Rentokil Initial has a 52-week low of GBX 5.06 ($0.06) and a 52-week high of GBX 549.40 ($6.76). The firm has a market capitalization of $9.91 billion and a PE ratio of 35.14. The company has a debt-to-equity ratio of 135.75, a quick ratio of 0.86 and a current ratio of 1.01. The business’s 50-day simple moving average is GBX 521.43 and its 200 day simple moving average is GBX 474.79.

Rentokil Initial (LON:RTO) last released its earnings results on Thursday, July 30th. The company reported GBX 5.30 ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of GBX 2.90 ($0.04) by GBX 2.40 ($0.03). On average, research analysts forecast that Rentokil Initial will post 1409.6371116 earnings per share for the current year.

In other news, insider Daragh Fagan sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of £477.40 ($587.50), for a total value of £1,432,200 ($1,762,490.77).

About Rentokil Initial

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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Analyst Recommendations for Rentokil Initial (LON:RTO)

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