Royal Bank of Canada downgraded shares of Rentokil Initial (LON:RTO) to a sector performer rating in a research report report published on Tuesday, ThisIsMoney.Co.Uk reports. Royal Bank of Canada currently has GBX 470 ($6.14) price target on the stock, up from their previous price target of GBX 410 ($5.36).
A number of other equities research analysts have also recently commented on RTO. Deutsche Bank restated a hold rating on shares of Rentokil Initial in a research note on Thursday, August 1st. Barclays raised their target price on shares of Rentokil Initial from GBX 350 ($4.57) to GBX 410 ($5.36) and gave the stock an overweight rating in a research note on Thursday, June 27th. Peel Hunt restated a hold rating on shares of Rentokil Initial in a research note on Monday, July 29th. Finally, JPMorgan Chase & Co. raised their target price on shares of Rentokil Initial from GBX 395 ($5.16) to GBX 415 ($5.42) and gave the stock an overweight rating in a research note on Friday, July 26th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Rentokil Initial has an average rating of Hold and a consensus price target of GBX 413.71 ($5.41).
LON RTO opened at GBX 443.90 ($5.80) on Tuesday. Rentokil Initial has a 12 month low of GBX 280 ($3.66) and a 12 month high of GBX 456.90 ($5.97). The stock has a market cap of $8.21 billion and a price-to-earnings ratio of -83.75. The company’s 50 day moving average is GBX 429.97 and its two-hundred day moving average is GBX 384.74. The company has a current ratio of 0.83, a quick ratio of 0.74 and a debt-to-equity ratio of 217.72.
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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