Rentokil Initial (LON:RTO) Stock Rating Reaffirmed as Buy by Jefferies Financial Group

Key Points

• Jefferies reaffirmed a “Buy” rating on Rentokil Initial and set a GBX 370 price target, implying 17.72% potential upside from the prior close.
• Analyst sentiment remains favorable overall, with a consensus rating of “Moderate Buy” and an average price target of GBX 433.25; five analysts rate the stock Buy, compared with two Holds and one Sell.
• Rentokil shares opened at GBX 314.30, below their 50-day and 200-day moving averages, and were trading within a 52-week range of GBX 293.50 to GBX 507.

Rentokil Initial (LON:RTO - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at Jefferies Financial Group in a research note issued on Friday, Digital Look reports. They presently have a GBX 370 price target on the stock. Jefferies Financial Group's price target points to a potential upside of 17.72% from the company's previous close.

A number of other research analysts have also weighed in on the company. Citigroup reduced their target price on Rentokil Initial from GBX 575 to GBX 550 and set a "buy" rating for the company in a report on Friday, July 31st. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 480 price target on shares of Rentokil Initial in a report on Friday, September 18th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Rentokil Initial from GBX 465 to GBX 405 and set a "hold" rating for the company in a research report on Monday, August 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Rentokil Initial from GBX 477 to GBX 431 and set an "overweight" rating for the company in a research note on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of GBX 433.25.

Rentokil Initial Stock Performance

LON:RTO opened at GBX 314.30 on Friday. The business's fifty day moving average is GBX 329.65 and its 200 day moving average is GBX 410.95. The firm has a market cap of £7.91 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 0.56 and a beta of 0.41. The company has a debt-to-equity ratio of 110.37, a quick ratio of 1.76 and a current ratio of 1.06. 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.

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