Rentokil Initial (LON:RTO) had its price objective increased by research analysts at Barclays from GBX 446 ($5.49) to GBX 573 ($7.05) in a note issued to investors on Friday, Stock Target Advisor reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 7.26% from the stock’s current price.
A number of other research firms have also weighed in on RTO. JPMorgan Chase & Co. upgraded Rentokil Initial to an “overweight” rating and raised their target price for the company from GBX 430 ($5.29) to GBX 560 ($6.89) in a report on Friday, June 26th. Peel Hunt restated a “hold” rating on shares of Rentokil Initial in a report on Thursday. Jefferies Financial Group raised their target price on Rentokil Initial from GBX 520 ($6.40) to GBX 540 ($6.65) and gave the company a “buy” rating in a report on Wednesday, April 29th. Deutsche Bank restated a “hold” rating on shares of Rentokil Initial in a report on Friday. Finally, Goldman Sachs Group raised their target price on Rentokil Initial from GBX 500 ($6.15) to GBX 570 ($7.01) and gave the company a “buy” rating in a report on Friday, July 17th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 489.55 ($6.02).
Shares of LON:RTO opened at GBX 534.20 ($6.57) on Friday. The business’s 50 day simple moving average is GBX 521.43 and its two-hundred day simple moving average is GBX 474.79. The firm has a market cap of $9.91 billion and a P/E ratio of 35.14. The company has a debt-to-equity ratio of 135.75, a quick ratio of 0.86 and a current ratio of 1.01. Rentokil Initial has a 52-week low of GBX 5.06 ($0.06) and a 52-week high of GBX 549.40 ($6.76).
Rentokil Initial (LON:RTO) last announced its quarterly earnings results on Thursday, July 30th. The company reported GBX 5.30 ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of GBX 2.90 ($0.04) by GBX 2.40 ($0.03). On average, equities analysts forecast that Rentokil Initial will post 1409.6371116 earnings per share for the current fiscal year.
In related news, insider Daragh Fagan sold 3,000 shares of Rentokil Initial stock in a transaction on Thursday, May 7th. The stock was sold at an average price of £477.40 ($587.50), for a total transaction of £1,432,200 ($1,762,490.77).
Rentokil Initial Company Profile
Rentokil Initial plc, through its subsidiaries, provides route-based services in North America, the United Kingdom, Europe, Asia, Pacific, and rest of world. It offers a range of pest control services from rodents to flying insects, as well as to other forms of wildlife management for commercial and residential customers.
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