Rentokil Initial plc (LON:RTO) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Rentokil Initial has a “Moderate Buy” consensus from eight analysts: five rate it a buy, two hold, and one sell. The average 12-month price target is GBX 455.75.
• Several brokerages recently lowered their price targets, including JPMorgan to GBX 431, RBC to GBX 480, and Deutsche Bank to GBX 405; Jefferies maintained a buy rating with a GBX 550 target.
• The stock opened at GBX 341.50, near its one-year low of GBX 329.60 and below its 50-day and 200-day moving averages of GBX 404.33 and GBX 446.31, respectively.

Rentokil Initial plc (LON:RTO - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eight analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 455.75.

Several research analysts have issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Rentokil Initial from GBX 477 to GBX 431 and set an "overweight" rating on the stock in a report on Friday, July 31st. Citigroup dropped their target price on Rentokil Initial from GBX 575 to GBX 550 and set a "buy" rating for the company in a research report on Friday, July 31st. Royal Bank Of Canada cut their price target on Rentokil Initial from GBX 540 to GBX 480 and set an "outperform" rating on the stock in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft decreased their price target on Rentokil Initial from GBX 465 to GBX 405 and set a "hold" rating on the stock in a report on Monday, August 3rd. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a GBX 550 price objective on shares of Rentokil Initial in a research report on Thursday, July 9th.

Rentokil Initial Price Performance

RTO opened at GBX 341.50 on Thursday. 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 stock has a market capitalization of £8.59 billion, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 0.56 and a beta of 0.40. The company's 50 day simple moving average is GBX 404.33 and its 200-day simple moving average is GBX 446.31. Rentokil Initial has a one year low of GBX 329.60 and a one year 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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