Royal Bank Of Canada Reaffirms Outperform Rating for Rentokil Initial (LON:RTO)

Key Points

• Royal Bank of Canada has reiterated an "outperform" rating for Rentokil Initial (LON:RTO) with a target price of GBX 440 ($5.81), indicating a potential upside of 22.05% from the current stock price.
• Deutsche Bank has also raised its target price on Rentokil Initial from GBX 425 ($5.61) to GBX 435 ($5.75), maintaining a "buy" rating for the company.
• Insider Sally Johnson purchased 3,567 shares of Rentokil Initial at GBX 351 ($4.64) each, reflecting confidence in the firm as insiders own 0.32% of the company's stock.

Rentokil Initial (LON:RTO - Get Free Report)'s stock had its "outperform" rating restated by equities researchers at Royal Bank Of Canada in a research note issued on Friday, MarketBeat.com reports. They currently have a GBX 440 ($5.85) price target on the stock. Royal Bank Of Canada's target price would indicate a potential upside of 23.60% from the company's previous close.

Separately, Deutsche Bank Aktiengesellschaft boosted their target price on Rentokil Initial from GBX 425 ($5.65) to GBX 435 ($5.78) and gave the company a "buy" rating in a research note on Monday, July 21st.

Rentokil Initial Price Performance

Shares of RTO traded up GBX 1.70 ($0.02) during trading hours on Friday, reaching GBX 356 ($4.73). 33,514,012 shares of the company's stock traded hands, compared to its average volume of 10,390,721. The firm's 50 day simple moving average is GBX 353.11 and its 200-day simple moving average is GBX 358.90. The stock has a market cap of £8.92 billion, a PE ratio of 22.83, a price-to-earnings-growth ratio of 0.56 and a beta of 0.55. Rentokil Initial has a 12 month low of GBX 306 ($4.07) and a 12 month high of GBX 502.40 ($6.68). The company has a current ratio of 1.04, a quick ratio of 1.76 and a debt-to-equity ratio of 113.35.

Insider Activity at Rentokil Initial

In related news, insider Sally Johnson purchased 3,567 shares of Rentokil Initial stock in a transaction dated Monday, June 2nd. The stock was purchased at an average cost of GBX 351 ($4.67) per share, for a total transaction of £12,520.17 ($16,640.31). Corporate insiders own 0.32% of the company's stock.

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.