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.
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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