Rentokil Initial (LON:RTO) Stock Rating Reaffirmed by JPMorgan Chase & Co.

Rentokil Initial (LON:RTO - Get Free Report)'s stock had its "buy" rating restated by analysts at JPMorgan Chase & Co. in a research report issued on Tuesday, Marketbeat.com reports. They currently have a GBX 500 ($6.18) price target on the stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 17.65% from the company's previous close.

A number of other analysts have also commented on RTO. Royal Bank of Canada upped their price objective on shares of Rentokil Initial from GBX 575 ($7.10) to GBX 590 ($7.29) and gave the company an "outperform" rating in a research note on Tuesday, March 12th. Jefferies Financial Group reissued a "buy" rating and issued a GBX 600 ($7.41) price target on shares of Rentokil Initial in a research report on Thursday, April 18th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Rentokil Initial presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 614 ($7.58).

Rentokil Initial Trading Down 0.4 %

RTO stock traded down GBX 1.50 ($0.02) during mid-day trading on Tuesday, reaching GBX 425 ($5.25). 8,247,665 shares of the stock traded hands, compared to its average volume of 10,569,469. The company has a current ratio of 1.05, a quick ratio of 1.76 and a debt-to-equity ratio of 116.93. Rentokil Initial has a 52-week low of GBX 387.80 ($4.79) and a 52-week high of GBX 663.80 ($8.20). The company has a market cap of £10.71 billion, a P/E ratio of 2,833.33, a P/E/G ratio of 0.79 and a beta of 0.54. The stock's fifty day moving average is GBX 450.83 and its 200-day moving average is GBX 447.22.

Insider Buying and Selling

In related news, insider Andy M. Ransom sold 464,245 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of GBX 489 ($6.04), for a total value of £2,270,158.05 ($2,804,048.97). 1.10% of the stock is currently owned by corporate insiders.

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.