Rentokil Initial (LON:RTO) PT Lowered to GBX 465

Rentokil Initial (LON:RTO) had its price target cut by Deutsche Bank Aktiengesellschaft from GBX 550 ($7.19) to GBX 465 ($6.08) in a research note released on Thursday morning, MarketBeat reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. reaffirmed a neutral rating and set a GBX 500 ($6.54) price target on shares of Rentokil Initial in a report on Tuesday, July 2nd. Royal Bank of Canada reaffirmed an outperform rating and set a GBX 570 ($7.45) target price on shares of Rentokil Initial in a research note on Wednesday, July 31st.

Rentokil Initial Stock Up 1.4 %

RTO stock opened at GBX 377.30 ($4.93) on Thursday. The stock has a market cap of £9.47 billion, a PE ratio of 2,480.00, a price-to-earnings-growth ratio of 0.84 and a beta of 0.55. The firm’s 50-day simple moving average is GBX 466.89 and its 200 day simple moving average is GBX 450.39. Rentokil Initial has a fifty-two week low of GBX 361.70 ($4.73) and a fifty-two week high of GBX 615.40 ($8.05). The company has a quick ratio of 1.76, a current ratio of 1.04 and a debt-to-equity ratio of 116.58.

Rentokil Initial Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 8th will be paid a dividend of GBX 3.16 ($0.04) per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a dividend yield of 0.67%. Rentokil Initial’s dividend payout ratio is presently 6,000.00%.

Insider Buying and Selling

In other news, insider Sally Johnson acquired 2,493 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was acquired at an average price of GBX 462 ($6.04) per share, for a total transaction of £11,517.66 ($15,061.67). 1.10% of the stock is owned by corporate insiders.

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.