According to Bloomberg Ratings, equity analysts at Royal Bank of Canada released on Thursday a research note in which they rated the stock of Rentokil Initial (LON: RTO) as “outperform,” thus upgrading the company from its previous rating of “neutral.” The note was published in response to the company’s quarterly earnings report, which was released on Wednesday. Their current price objective for the stock is GBX 645 ($7.77) per share. They hope to reach this price shortly. As a result, the potential for a gain is higher by 22.07% than the price at which the stock is currently trading, as indicated by the target price that the Royal Bank of Canada provided.
Several other brokerages have, in recent times, made their RTO reports available to the general public. Deutsche Bank Aktiengesellschaft reaffirmed their “buy” recommendation on shares of Rentokil Initial in a research note published on Thursday, November 3, and set a price objective of GBX 600 ($7.23) for the company. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Rentokil Initial and set a GBX 650 ($7.83) price objective on the company’s common stock in a research note published on Tuesday, October 11. The note was part of a larger report published on the same day. In the end but not least, Shore Capital reaffirmed its “overweight” recommendation on shares of Rentokil Initially in a research note that was published on November 14. In addition, there have been seven analysts who have suggested that investors acquire the stock. In contrast, there has been only one analyst who has suggested that investors keep their existing holdings of the stock. According to the data provided by Bloomberg, the company has been given an average rating of “Moderate Buy,” and the price objective of GBX 632.14 ($7.62) is the one that has been agreed upon by the majority of analysts.
On Thursday, a single share of Rentokil Initial stock began trading at a price of GBX 528.40, or approximately $6.37. The company has a price-to-earnings ratio of 3,775.71, and its market capitalization is currently sitting at 13.32 billion pounds. The moving average price of the company over the past 200 days is GBX 518.21, and the moving average price of the company over the last 50 days is GBX 531.57. Over the previous year, the price of Rentokil Initial has ranged from a low of GBP 441.20 ($5.32) to a high of GBP 565.40 ($6.81), with an average price of GBP 565.40. A debt-to-equity ratio comes in at 264.09; a quick ratio comes in at 1.76; a current ratio comes in at 1.88; and a quick ratio comes in at 1.76.
The parent company, Rentokil Initial plc, and its numerous subsidiaries are in many countries worldwide. These countries and regions include North America, the United Kingdom, the rest of Europe, Asia, the Pacific, and other areas. Customers interested in ridding their homes and places of business of rodents, flying and crawling insects, and other unwanted critters can take advantage of the company’s pest control services, which are available to residential and commercial clients.
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