Rentokil Initial (LON:RTO) issued its quarterly earnings results on Thursday. The company reported GBX 5.30 ($0.07) EPS for the quarter, topping analysts’ consensus estimates of GBX 2.90 ($0.04) by GBX 2.40 ($0.03), Digital Look Earnings reports.
Shares of RTO opened at GBX 534.20 ($6.57) on Friday. The company has a current ratio of 1.01, a quick ratio of 0.86 and a debt-to-equity ratio of 135.75. The stock has a market capitalization of $9.91 billion and a P/E ratio of 35.14. The firm’s fifty day simple moving average is GBX 521.43 and its two-hundred day simple moving average is GBX 474.79. Rentokil Initial has a 12 month low of GBX 5.06 ($0.06) and a 12 month high of GBX 549.40 ($6.76).
Several analysts recently weighed in on the stock. Barclays boosted their price objective on shares of Rentokil Initial from GBX 446 ($5.49) to GBX 573 ($7.05) and gave the stock an “overweight” rating in a research note on Friday. Peel Hunt reissued a “hold” rating on shares of Rentokil Initial in a research note on Thursday. Credit Suisse Group boosted their price objective on shares of Rentokil Initial from GBX 360 ($4.43) to GBX 390 ($4.80) and gave the stock a “neutral” rating in a research note on Friday, April 17th. Goldman Sachs Group boosted their price objective on shares of Rentokil Initial from GBX 500 ($6.15) to GBX 570 ($7.01) and gave the stock a “buy” rating in a research note on Friday, July 17th. Finally, JPMorgan Chase & Co. raised shares of Rentokil Initial to an “overweight” rating and boosted their price objective for the stock from GBX 430 ($5.29) to GBX 560 ($6.89) in a research note on Friday, June 26th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Rentokil Initial currently has a consensus rating of “Buy” and an average price target of GBX 489.55 ($6.02).
In other news, insider Daragh Fagan sold 3,000 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of £477.40 ($587.50), for a total transaction of £1,432,200 ($1,762,490.77).
Rentokil Initial Company Profile
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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