Rentokil Initial (LON:RTO) Given “Outperform” Rating at Royal Bank of Canada

Royal Bank of Canada reissued their outperform rating on shares of Rentokil Initial (LON:RTO) in a research report released on Wednesday morning, MarketBeat reports. Royal Bank of Canada currently has a GBX 570 ($7.33) price target on the stock.

A number of other analysts have also commented on RTO. JPMorgan Chase & Co. reaffirmed a neutral rating and set a GBX 500 ($6.43) price objective on shares of Rentokil Initial in a research note on Tuesday, July 2nd. Jefferies Financial Group reaffirmed a buy rating and set a GBX 600 ($7.72) price objective on shares of Rentokil Initial in a research note on Thursday, April 18th.

Rentokil Initial Price Performance

RTO stock opened at GBX 461.20 ($5.93) on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.76 and a debt-to-equity ratio of 116.93. Rentokil Initial has a one year low of GBX 387.80 ($4.99) and a one year high of GBX 621.80 ($8.00). The firm has a market capitalization of £11.58 billion, a PE ratio of 3,074.67, a P/E/G ratio of 0.71 and a beta of 0.56. The firm has a 50-day moving average of GBX 450.11 and a two-hundred day moving average of GBX 438.25.

Rentokil Initial Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 8th will be given a GBX 3.16 ($0.04) dividend. This represents a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, August 8th. Rentokil Initial’s dividend payout ratio (DPR) is 6,000.00%.

Insider Transactions at Rentokil Initial

In related news, insider Sally Johnson purchased 2,493 shares of Rentokil Initial stock in a transaction dated Wednesday, June 26th. The stock was acquired at an average cost of GBX 462 ($5.94) per share, with a total value of £11,517.66 ($14,815.62). 1.10% of the stock is owned by insiders.

About Rentokil Initial

Rentokil Initial plc, together with its subsidiaries, provides route-based services in North America, the United Kingdom, rest of Europe, Asia, the Pacific, and internationally. It offers a range of pest control services for rodents, and flying and crawling insects, as well as other forms of wildlife management for commercial customers.