Rentokil Initial's (RTO) No Recommendation Rating Reaffirmed at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has reaffirmed a "no recommendation" rating for Rentokil Initial's stock, indicating a cautious stance on the company's investment prospects.
• Rentokil Initial's stock price opened at GBX 374.80 ($5.04), with a market cap of £9.39 billion and a P/E ratio of 24.04.
• Insider Sally Johnson made a purchase of 3,567 shares of Rentokil Initial stock at an average price of GBX 351 ($4.72) per share, reflecting insider confidence in the company.

Rentokil Initial (LON:RTO - Get Free Report)'s stock had its "no recommendation" rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a research note issued on Monday, MarketBeat reports.

A number of other brokerages have also recently commented on RTO. Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 440 ($5.95) target price on shares of Rentokil Initial in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft raised their price objective on Rentokil Initial from GBX 425 ($5.75) to GBX 435 ($5.89) and gave the stock a "buy" rating in a report on Monday, July 21st.

Rentokil Initial Price Performance

LON RTO traded down GBX 5.80 ($0.08) during mid-day trading on Monday, hitting GBX 364.60 ($4.93). The stock had a trading volume of 3,218,857 shares, compared to its average volume of 10,073,082. Rentokil Initial has a 52-week low of GBX 306 ($4.14) and a 52-week high of GBX 502.40 ($6.80). The company has a market cap of £9.13 billion, a price-to-earnings ratio of 23.39, a P/E/G ratio of 0.56 and a beta of 0.55. The company has a 50 day simple moving average of GBX 355.74 and a 200 day simple moving average of GBX 358.55. The company has a quick ratio of 1.76, a current ratio of 1.04 and a debt-to-equity ratio of 113.35.

Insider Buying and Selling

In other Rentokil Initial news, insider Sally Johnson acquired 3,567 shares of Rentokil Initial stock in a transaction dated Monday, June 2nd. The stock was acquired at an average cost of GBX 351 ($4.75) per share, for a total transaction of £12,520.17 ($16,939.75). 0.32% of the stock is currently owned by insiders.

Rentokil Initial Company Profile

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.