Citigroup Boosts Rentokil Initial (LON:RTO) Price Target to GBX 575

Rentokil Initial (LON:RTO) had its target price lifted by investment analysts at Citigroup from GBX 550 to GBX 575 in a research note issued to investors on Monday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price suggests a potential upside of 22.47% from the stock’s previous close.

A number of other research analysts also recently issued reports on the stock. UBS Group upgraded shares of Rentokil Initial from a “neutral” rating to a “buy” rating and boosted their target price for the company from GBX 430 to GBX 540 in a research report on Thursday, March 12th. Jefferies Financial Group lifted their price objective on Rentokil Initial from GBX 540 to GBX 550 and gave the company a “buy” rating in a research note on Tuesday, March 10th. Finally, Stifel Nicolaus restated a “hold” rating and issued a GBX 390 target price on shares of Rentokil Initial in a research note on Thursday, March 5th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 461.43.

Rentokil Initial Stock Performance

Shares of RTO stock traded down GBX 13.90 during trading hours on Monday, hitting GBX 469.50. The company’s stock had a trading volume of 2,147,000,000 shares, compared to its average volume of 79,010,898. The stock has a market cap of £11.81 billion, a PE ratio of 36.59, a price-to-earnings-growth ratio of 0.56 and a beta of 0.49. Rentokil Initial has a 12-month low of GBX 306 and a 12-month high of GBX 493.90. The company has a 50 day moving average of GBX 462.41 and a 200 day moving average of GBX 426.76. The company has a current ratio of 1.16, a quick ratio of 1.76 and a debt-to-equity ratio of 111.54.

Insider Buying and Selling at Rentokil Initial

In other news, insider Sally Johnson bought 2,676 shares of the stock in a transaction dated Monday, March 16th. The shares were acquired at an average cost of GBX 483 per share, with a total value of £12,925.08. Company insiders own 2.82% of the company’s stock.

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. 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.