Jefferies Financial Group upgraded shares of Rentokil Initial (LON:RTO) to a buy rating in a research note published on Monday morning, Stock Target Advisor reports. Jefferies Financial Group currently has GBX 620 ($8.16) target price on the stock, up from their prior target price of GBX 425 ($5.59).
Other research analysts have also issued research reports about the stock. Credit Suisse Group lowered shares of Rentokil Initial to a neutral rating and lowered their target price for the stock from GBX 460 ($6.05) to GBX 450 ($5.92) in a research note on Tuesday, January 7th. Royal Bank of Canada reduced their price target on shares of Rentokil Initial from GBX 470 ($6.18) to GBX 450 ($5.92) and set a sector performer rating on the stock in a research note on Friday, January 10th. Peel Hunt restated a hold rating and issued a GBX 495 ($6.51) price objective (up from GBX 460 ($6.05)) on shares of Rentokil Initial in a report on Monday. HSBC reaffirmed a buy rating on shares of Rentokil Initial in a research report on Monday, January 13th. Finally, Citigroup reiterated a buy rating on shares of Rentokil Initial in a report on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Rentokil Initial currently has an average rating of Hold and a consensus price target of GBX 477 ($6.27).
Shares of RTO opened at GBX 487.40 ($6.41) on Monday. The firm has a market cap of $9.32 billion and a P/E ratio of -91.96. Rentokil Initial has a 12-month low of GBX 327.90 ($4.31) and a 12-month high of GBX 511.80 ($6.73). The company’s 50-day moving average price is GBX 483.07 and its 200 day moving average price is GBX 457.40. The company has a current ratio of 0.83, a quick ratio of 0.74 and a debt-to-equity ratio of 217.72.
The company also recently announced a dividend, which will be paid on Wednesday, May 20th. Investors of record on Thursday, April 9th will be issued a dividend of GBX 3.64 ($0.05) per share. This represents a yield of 0.73%. This is a boost from Rentokil Initial’s previous dividend of $1.51. The ex-dividend date of this dividend is Thursday, April 9th. Rentokil Initial’s dividend payout ratio (DPR) is -0.94%.
About Rentokil Initial
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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