Rentokil Initial (LON:RTO) Given Hold Rating at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank reiterated its “hold” rating on Rentokil Initial and maintained a GBX 405 price target, implying approximately 20.6% upside from the reported share price.
• Analyst sentiment remains broadly positive, with five “buy” ratings, two “hold” ratings, and one “sell” rating; MarketBeat reports a consensus rating of “Moderate Buy” and an average target of GBX 433.25.
• Rentokil Initial shares fell 1.8% to GBX 335.80, with the stock trading below its 200-day moving average of GBX 405.40 and within a 52-week range of GBX 293.50 to GBX 507.

Rentokil Initial (LON:RTO - Get Free Report)'s stock had its "hold" rating reiterated by research analysts at Deutsche Bank Aktiengesellschaft in a note issued to investors on Friday, Digital Look reports. They currently have a GBX 405 price target on the stock. Deutsche Bank Aktiengesellschaft's target price indicates a potential upside of 20.61% from the stock's current price.

Several other research firms have also commented on RTO. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 480 price objective on shares of Rentokil Initial in a research note on Friday, September 18th. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 370 target price on shares of Rentokil Initial in a research note on Friday, October 16th. Citigroup reduced their target price on shares of Rentokil Initial from GBX 575 to GBX 550 and set a "buy" rating on the stock in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. decreased their price target on shares of Rentokil Initial from GBX 477 to GBX 431 and set an "overweight" rating for the company in a research report on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Rentokil Initial has an average rating of "Moderate Buy" and an average price target of GBX 433.25.

Rentokil Initial Trading Down 1.8%

LON:RTO traded down GBX 6 on Friday, reaching GBX 335.80. 638,170,625 shares of the company's stock were exchanged, compared to its average volume of 34,979,418. The company has a quick ratio of 1.76, a current ratio of 1.06 and a debt-to-equity ratio of 110.37. The firm has a market capitalization of £8.45 billion, a price-to-earnings ratio of 17.80, a price-to-earnings-growth ratio of 0.56 and a beta of 0.41. The business has a fifty day moving average of GBX 325.58 and a 200-day moving average of GBX 405.40. Rentokil Initial has a 52-week low of GBX 293.50 and a 52-week high of GBX 507.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.