Rentokil Initial (OTCMKTS:RTOKY) was downgraded by Zacks Investment Research from a "buy" rating to a "hold" rating in a research note issued to investors on Wednesday, Zacks.com reports.
According to Zacks, "Rentokil Initial plc provides business support services including pest control, package delivery, interior landscaping, catering, cleaning, washroom solutions and textiles. Building services includes installation and maintenance of heating, ventilation and air conditioning equipment, water testing and treatment; and electrical testing and safety services. Its cleaning companies provide a professional cleaning service to industry, commerce, hotels, schools, hospitals, airports and other transport facilities. Its specialist services include the supply of non-medical hospital staff, the manufacture of washroom dispensing systems. Its interior landscaping offers indoor plants to customers on a rental or purchase basis. Linen, Garment and Floorcare Rental supplies workwear, uniforms, clean room uniforms and protective equipment. Rentokil Initial plc is based in Gatwick, the United Kingdom. "
A number of other research analysts have also commented on the stock. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Rentokil Initial in a research note on Thursday, January 14th. UBS Group reissued a "sell" rating on shares of Rentokil Initial in a report on Wednesday, March 10th. Deutsche Bank Aktiengesellschaft raised shares of Rentokil Initial from a "hold" rating to a "buy" rating in a report on Friday, March 12th. Peel Hunt raised shares of Rentokil Initial to a "hold" rating in a report on Thursday, March 4th. Finally, BNP Paribas raised shares of Rentokil Initial from a "neutral" rating to an "outperform" rating in a report on Monday, March 29th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company's stock. Rentokil Initial currently has an average rating of "Hold" and a consensus price target of $39.00.
Shares of RTOKY opened at $34.71 on Wednesday. Rentokil Initial has a 52 week low of $28.00 and a 52 week high of $37.86. The firm has a market cap of $12.91 billion, a P/E ratio of 37.73 and a beta of 0.84. The firm's 50-day simple moving average is $35.24 and its 200 day simple moving average is $35.24. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.96 and a current ratio of 1.05.
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 from rodents to flying and crawling insects, as well as to other forms of wildlife management for commercial and residential customers.
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