Rentokil Initial (OTCMKTS:RTOKY) Raised to Buy at Zacks Investment Research

Rentokil Initial (OTCMKTS:RTOKY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday, Zacks.com reports. The brokerage currently has a $41.00 price target on the business services provider’s stock. Zacks Investment Research‘s price target indicates a potential upside of 12.54% from the company’s current price.

According to Zacks, “Rentokil Initial plc provides business support services including pest control, package delivery, interior landscaping, catering, cleaning, washroom solutions and textiles. Building services includes installation and maintenance of heating, ventilation and air conditioning equipment, water testing and treatment; and electrical testing and safety services. Its cleaning companies provide a professional cleaning service to industry, commerce, hotels, schools, hospitals, airports and other transport facilities. Its specialist services include the supply of non-medical hospital staff, the manufacture of washroom dispensing systems. Its interior landscaping offers indoor plants to customers on a rental or purchase basis. Linen, Garment and Floorcare Rental supplies workwear, uniforms, clean room uniforms and protective equipment. Rentokil Initial plc is based in Gatwick, the United Kingdom. “

A number of other analysts have also commented on RTOKY. Exane BNP Paribas raised shares of Rentokil Initial from a “neutral” rating to an “outperform” rating in a research note on Monday, March 29th. Berenberg Bank reissued a “sell” rating on shares of Rentokil Initial in a research report on Wednesday, July 14th. Finally, BNP Paribas raised shares of Rentokil Initial from a “neutral” rating to an “outperform” rating in a research report on Monday, March 29th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. Rentokil Initial currently has an average rating of “Hold” and a consensus price target of $41.00.

RTOKY stock opened at $36.43 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. Rentokil Initial has a one year low of $32.42 and a one year high of $37.86. The stock has a market capitalization of $13.55 billion, a price-to-earnings ratio of 37.17 and a beta of 0.79. The firm’s 50-day moving average price is $34.94.

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 from rodents to flying and crawling insects, as well as to other forms of wildlife management for commercial and residential customers.

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Analyst Recommendations for Rentokil Initial (OTCMKTS:RTOKY)

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