Rentokil Initial’s (RTO) “Buy” Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their buy rating on shares of Rentokil Initial (LON:RTO) in a report published on Tuesday morning, MarketBeat.com reports. The firm currently has a GBX 500 ($6.18) price objective on the stock.

RTO has been the subject of several other research reports. Jefferies Financial Group restated a buy rating and set a GBX 600 ($7.41) price target on shares of Rentokil Initial in a research report on Thursday, April 18th. Royal Bank of Canada upped their price target on shares of Rentokil Initial from GBX 575 ($7.10) to GBX 590 ($7.29) and gave the stock an outperform rating in a research report on Tuesday, March 12th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Rentokil Initial presently has an average rating of Moderate Buy and a consensus target price of GBX 614 ($7.58).

Rentokil Initial Stock Down 0.1 %

Rentokil Initial stock opened at GBX 424.40 ($5.24) on Tuesday. The company has a 50-day simple moving average of GBX 451.40 and a 200-day simple moving average of GBX 446.08. The firm has a market capitalization of £10.69 billion, a P/E ratio of 2,833.33, a P/E/G ratio of 0.79 and a beta of 0.54. The company has a debt-to-equity ratio of 116.93, a quick ratio of 1.76 and a current ratio of 1.05. Rentokil Initial has a one year low of GBX 387.80 ($4.79) and a one year high of GBX 663.80 ($8.20).

Rentokil Initial Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be given a GBX 5.93 ($0.07) dividend. This represents a yield of 1.38%. The ex-dividend date of this dividend is Thursday, April 4th. This is a positive change from Rentokil Initial’s previous dividend of $2.75. Rentokil Initial’s dividend payout ratio is currently 6,000.00%.

Insider Activity at Rentokil Initial

In related news, insider Andy M. Ransom sold 464,245 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of GBX 489 ($6.04), for a total value of £2,270,158.05 ($2,804,048.97). 1.10% of the stock is currently owned by insiders.

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.