Rentokil Initial (LON:RTO) Earns "Outperform" Rating from Royal Bank Of Canada

Key Points

• Royal Bank of Canada reaffirmed its “outperform” rating on Rentokil Initial and maintained a GBX 480 price target, implying approximately 48.15% upside from the stock’s current price.
• Analyst sentiment is generally positive: five analysts rate the shares “Buy,” two “Hold,” and one “Sell,” producing a consensus rating of “Moderate Buy” and an average target price of GBX 455.75.
• Rentokil Initial shares opened at GBX 324, near their 12-month low of GBX 322.48 and below their 50-day and 200-day moving averages of GBX 373.27 and GBX 433.23, respectively.

Rentokil Initial (LON:RTO - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities research analysts at Royal Bank Of Canada in a report released on Friday, London Stock Exchange reports. They presently have a GBX 480 price target on the stock. Royal Bank Of Canada's price objective indicates a potential upside of 48.15% from the stock's current price.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. decreased their price objective on Rentokil Initial from GBX 477 to GBX 431 and set an "overweight" rating for the company in a report on Friday, July 31st. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 550 price target on shares of Rentokil Initial in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Rentokil Initial from GBX 465 to GBX 405 and set a "hold" rating for the company in a research note on Monday, August 3rd. Finally, Citigroup lowered their price objective on shares of Rentokil Initial from GBX 575 to GBX 550 and set a "buy" rating on the stock in a research report on Friday, July 31st. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 455.75.

Rentokil Initial Price Performance

Shares of LON:RTO opened at GBX 324 on Friday. Rentokil Initial has a 12 month low of GBX 322.48 and a 12 month high of GBX 507. The firm has a market capitalization of £8.15 billion, a P/E ratio of 17.18, a P/E/G ratio of 0.56 and a beta of 0.41. The company has a debt-to-equity ratio of 110.37, a current ratio of 1.06 and a quick ratio of 1.76. The company's fifty day moving average price is GBX 373.27 and its 200 day moving average price is GBX 433.23.

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 for rodents, and flying and crawling insects, as well as other forms of wildlife management for commercial customers. The company provides hygiene services, including the provision and maintenance of products, such as soap and hand sanitizer dispensers, hand dryers, air care and purification, cubicle and surface sanitizers, feminine hygiene units, toilet paper dispensers, and floor protection mats.

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