Royal Bank Of Canada Issues Pessimistic Forecast for Rentokil Initial (LON:RTO) Stock Price

Rentokil Initial (LON:RTO) had its target price dropped by Royal Bank Of Canada from GBX 540 to GBX 480 in a research note issued to investors on Thursday,London Stock Exchange reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 36.99% from the stock’s previous close.

RTO has been the subject of a number of other research reports. Citigroup reduced their price target on Rentokil Initial from GBX 575 to GBX 550 and set a “buy” rating for the company in a report on Friday. Jefferies Financial Group reissued a “buy” rating and issued a GBX 550 price objective on shares of Rentokil Initial in a report on Thursday, July 9th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 468.33.

Rentokil Initial Price Performance

Shares of RTO stock traded down GBX 1.60 during mid-day trading on Thursday, hitting GBX 350.40. 279,204,219 shares of the stock were exchanged, compared to its average volume of 37,570,371. Rentokil Initial has a 52-week low of GBX 344.60 and a 52-week high of GBX 507. The company has a quick ratio of 1.76, a current ratio of 1.16 and a debt-to-equity ratio of 111.54. The company has a market cap of £8.82 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 0.56 and a beta of 0.43. The firm has a fifty day moving average of GBX 440.76 and a 200 day moving average of GBX 461.29.

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.