Rentokil Initial (LON:RTO) Earns “Outperform” Rating from Royal Bank of Canada
Rentokil Initial (LON:RTO – Get Rating)‘s stock had its “outperform” rating reaffirmed by equities researchers at Royal Bank of Canada in a report issued on Wednesday, Digital Look reports. They currently have a GBX 645 ($7.79) target price on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 17.36% from the company’s previous close.
RTO has been the topic of a number of other reports. Morgan Stanley restated an “overweight” rating on shares of Rentokil Initial in a research report on Wednesday, May 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 550 ($6.65) price target on shares of Rentokil Initial in a research report on Wednesday, July 13th. Finally, JPMorgan Chase & Co. increased their price target on shares of Rentokil Initial from GBX 590 ($7.13) to GBX 600 ($7.25) and gave the company an “overweight” rating in a research report on Thursday, August 4th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Rentokil Initial has a consensus rating of “Moderate Buy” and a consensus target price of GBX 616.88 ($7.45).
Rentokil Initial Trading Up 2.1 %
Rentokil Initial stock traded up GBX 11.40 ($0.14) during trading hours on Wednesday, reaching GBX 549.60 ($6.64). 2,780,805 shares of the company’s stock traded hands, compared to its average volume of 4,931,368. The company has a debt-to-equity ratio of 264.09, a quick ratio of 1.76 and a current ratio of 1.88. Rentokil Initial has a fifty-two week low of GBX 441.20 ($5.33) and a fifty-two week high of GBX 662 ($8.00). The firm has a market capitalization of £10.24 billion and a price-to-earnings ratio of 3,925.71. The firm’s 50-day moving average is GBX 497.05 and its 200-day moving average is GBX 506.20.
Rentokil Initial Company Profile
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Rentokil Initial plc, together with its subsidiaries, provides route-based services in North America, the United Kingdom, the 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 and residential customers.
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