Jefferies Financial Group Reaffirms "Buy" Rating for Rentokil Initial (LON:RTO)

Jefferies Financial Group reaffirmed their buy rating on shares of Rentokil Initial (LON:RTO - Free Report) in a report published on Thursday, MarketBeat.com reports. They currently have a GBX 600 ($7.47) price objective on the stock.

Separately, Royal Bank of Canada boosted their price target on shares of Rentokil Initial from GBX 575 ($7.16) to GBX 590 ($7.34) and gave the company an outperform rating in a research report on Tuesday, March 12th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of GBX 636.80 ($7.93).

Rentokil Initial Stock Performance

RTO traded down GBX 34 ($0.42) during midday trading on Thursday, reaching GBX 412.90 ($5.14). The company had a trading volume of 28,513,919 shares, compared to its average volume of 10,515,273. The company has a debt-to-equity ratio of 116.93, a quick ratio of 1.76 and a current ratio of 1.05. The stock has a market cap of £10.41 billion, a PE ratio of 2,752.67, a P/E/G ratio of 0.79 and a beta of 0.54. Rentokil Initial has a 12-month low of GBX 387.80 ($4.83) and a 12-month high of GBX 663.80 ($8.26). The business has a 50-day moving average price of GBX 449.54 and a two-hundred day moving average price of GBX 451.92.

Rentokil Initial Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be paid a GBX 5.93 ($0.07) dividend. This represents a dividend yield of 1.38%. This is a positive change from Rentokil Initial's previous dividend of $2.75. The ex-dividend date of this dividend is Thursday, April 4th. Rentokil Initial's dividend payout ratio (DPR) is presently 6,000.00%.

Insider Buying and Selling at Rentokil Initial

In related news, insider Andy M. Ransom sold 464,245 shares of the firm's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of GBX 489 ($6.09), for a total value of £2,270,158.05 ($2,826,040.15). 1.10% of the stock is owned by company 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.