Rentokil Initial’s (RTO) “Buy” Rating Reaffirmed at Jefferies Financial Group

Rentokil Initial (LON:RTO)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Financial Group in a note issued to investors on Friday, Digital Look reports. They presently have a GBX 370 price target on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 17.87% from the stock’s current price.

A number of other brokerages have also recently commented on RTO. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 480 price target on shares of Rentokil Initial in a research report on Friday, September 18th. Citigroup decreased 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 note on Friday, July 31st. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Rentokil Initial from GBX 465 to GBX 405 and set a “hold” rating for the company in a report on Monday, August 3rd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Rentokil Initial from GBX 477 to GBX 431 and set an “overweight” rating for the company in a research note on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 433.25.

Rentokil Initial Price Performance

RTO traded up GBX 2.40 on Friday, reaching GBX 313.90. The company had a trading volume of 135,928,781 shares, compared to its average volume of 33,057,340. The business has a 50 day simple moving average of GBX 329.65 and a 200 day simple moving average of GBX 410.95. The company has a market cap of £7.90 billion, a price-to-earnings ratio of 16.64, a P/E/G ratio of 0.56 and a beta of 0.41. The company has a debt-to-equity ratio of 110.37, a quick ratio of 1.76 and a current ratio of 1.06. Rentokil Initial has a 52-week low of GBX 293.50 and a 52-week high of GBX 507.

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.