Rentokil Initial (LON:RTO) Hits New 1-Year Low – Time to Sell?

Rentokil Initial plc (LON:RTO) reached a new 52-week low during trading on Thursday . The company traded as low as GBX 312.60 and last traded at GBX 315.20, with a volume of 45951262 shares changing hands. The stock had previously closed at GBX 323.10.

Analysts Set New Price Targets

Several brokerages recently weighed in on RTO. Citigroup reduced their price target on shares of Rentokil Initial from GBX 575 to GBX 550 and set a “buy” rating on the stock in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Rentokil Initial from GBX 465 to GBX 405 and set a “hold” rating for the company in a research note on Monday, August 3rd. JPMorgan Chase & Co. decreased their target price on shares of 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 target on shares of Rentokil Initial in a research report on Thursday, July 9th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 480 price objective on shares of Rentokil Initial in a research note on Friday, September 18th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 455.75.

Rentokil Initial Stock Performance

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 business’s 50 day moving average is GBX 363.67 and its 200 day moving average is GBX 429.76. The stock has a market capitalization of £7.91 billion, a PE ratio of 16.67, a PEG ratio of 0.56 and a beta of 0.41.

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.