Rentokil Initial plc (LON:RTO) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Rentokil Initial, with five buys, one hold and one sell among seven analysts. The average 12-month price target is GBX 463.
• Several brokers recently lowered their price targets, including JPMorgan to GBX 431 and RBC to GBX 480, while Citigroup and Jefferies maintain buy ratings with targets of GBX 550.
• Shares opened at GBX 344.80, down 2.0%, near the company’s 52-week low of GBX 344.60 and well below its 50-day and 200-day moving averages.

Rentokil Initial plc (LON:RTO - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seven analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 463.

RTO has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their target price on shares of Rentokil Initial from GBX 477 to GBX 431 and set an "overweight" rating for the company in a research report on Friday. Citigroup cut their price target on Rentokil Initial from GBX 575 to GBX 550 and set a "buy" rating for the company in a report on Friday. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 550 target price on shares of Rentokil Initial in a research note on Thursday, July 9th. Finally, Royal Bank Of Canada reduced their target price on Rentokil Initial from GBX 540 to GBX 480 and set an "outperform" rating for the company in a research report on Thursday.

Rentokil Initial Stock Down 2.0%

Shares of Rentokil Initial stock opened at GBX 344.80 on Friday. The firm has a market cap of £8.68 billion, a price-to-earnings ratio of 18.60, a P/E/G ratio of 0.56 and a beta of 0.43. The company has a debt-to-equity ratio of 45.09, a current ratio of 1.06 and a quick ratio of 1.76. Rentokil Initial has a 52-week low of GBX 344.60 and a 52-week high of GBX 507. The stock has a 50-day simple moving average of GBX 438.37 and a 200-day simple moving average of GBX 460.48.

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. The company provides hygiene services, including the provision and maintenance of products, such as soap and hand sanitizer dispensers, hand dryers, air care and purification, cubicle and surface sanitizers, feminine hygiene units, toilet paper dispensers, and floor protection mats.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.