Rentokil Initial (LON:RTO) Stock Rating Reaffirmed by Royal Bank of Canada
Rentokil Initial (LON:RTO – Get Rating)‘s stock had its “outperform” rating reissued by equities researchers at Royal Bank of Canada in a research note issued on Thursday, MarketBeat Ratings reports. They currently have a GBX 645 ($7.77) target price on the stock. Royal Bank of Canada’s target price indicates a potential upside of 22.07% from the company’s current price.
A number of other brokerages have also recently issued reports on RTO. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 600 ($7.23) price target on shares of Rentokil Initial in a research note on Thursday, November 3rd. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 650 ($7.83) target price on shares of Rentokil Initial in a research note on Tuesday, October 11th. Finally, Shore Capital restated an “overweight” rating on shares of Rentokil Initial in a research note on Monday, November 14th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 632.14 ($7.62).
Rentokil Initial Stock Performance
Shares of Rentokil Initial stock opened at GBX 528.40 ($6.37) on Thursday. The stock has a market cap of £13.32 billion and a price-to-earnings ratio of 3,775.71. The firm’s 50-day moving average is GBX 531.57 and its 200 day moving average is GBX 518.21. Rentokil Initial has a 1 year low of GBX 441.20 ($5.32) and a 1 year high of GBX 565.40 ($6.81). The company has a debt-to-equity ratio of 264.09, a current ratio of 1.88 and a quick ratio of 1.76.
Rentokil Initial Company Profile
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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