Rentokil Initial (LON:RTO) Given Outperform Rating at Royal Bank Of Canada

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 reiterated by investment analysts at Royal Bank Of Canada in a research report issued on Friday, MarketBeat reports. They currently have a GBX 440 ($5.81) target price on the stock. Royal Bank Of Canada's target price points to a potential upside of 22.05% from the company's current price.

Separately, Deutsche Bank Aktiengesellschaft raised their target price on Rentokil Initial from GBX 425 ($5.61) to GBX 435 ($5.75) and gave the company a "buy" rating in a report on Monday, July 21st.

Rentokil Initial Stock Down 5.0%

Shares of LON:RTO opened at GBX 360.50 ($4.76) on Friday. The business has a 50-day moving average price of GBX 352.87 and a 200 day moving average price of GBX 359.52. The company has a current ratio of 1.04, a quick ratio of 1.76 and a debt-to-equity ratio of 113.35. The company has a market capitalization of £9.03 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 0.56 and a beta of 0.55. Rentokil Initial has a 12-month low of GBX 306 ($4.04) and a 12-month high of GBX 502.40 ($6.64).

Insider Activity

In related news, insider Sally Johnson acquired 3,567 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was acquired at an average price of GBX 351 ($4.64) per share, for a total transaction of £12,520.17 ($16,539.19). Insiders own 0.32% of the company's stock.

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.

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