Rentokil Initial (LON:RTO) Sets New 12-Month Low – What’s Next?

Rentokil Initial plc (LON:RTO) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 326.90 and last traded at GBX 328.55, with a volume of 4286750 shares trading hands. The stock had previously closed at GBX 331.20.

Analysts Set New Price Targets

RTO has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft decreased their target price on Rentokil Initial from GBX 465 to GBX 405 and set a “hold” rating for the company in a report on Monday, August 3rd. JPMorgan Chase & Co. reduced their price target on Rentokil Initial from GBX 477 to GBX 431 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 550 price objective on shares of Rentokil Initial in a research note on Thursday, July 9th. Citigroup lowered their price objective on Rentokil Initial from GBX 575 to GBX 550 and set a “buy” rating for the company in a research report on Friday, July 31st. Finally, Royal Bank Of Canada cut their target price on shares of Rentokil Initial from GBX 540 to GBX 480 and set an “outperform” rating on the stock in a research note on Thursday, July 30th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Rentokil Initial has a consensus rating of “Moderate Buy” and an average target price of GBX 455.75.

Rentokil Initial Price Performance

The stock has a market capitalization of £8.27 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 0.56 and a beta of 0.41. The company has a current ratio of 1.06, a quick ratio of 1.76 and a debt-to-equity ratio of 110.37. The company’s 50 day moving average is GBX 382.73 and its 200 day moving average is GBX 436.82.

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.