Rentokil Initial (LON:RTO) Price Target Lowered to GBX 480 at Royal Bank Of Canada

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

Several other brokerages have also recently weighed in on RTO. Jefferies Financial Group restated a “buy” rating and set a GBX 550 target price on shares of Rentokil Initial in a report on Thursday, July 9th. Citigroup cut 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. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 468.33.

Rentokil Initial Price Performance

RTO stock traded down GBX 1.60 during mid-day trading on Thursday, reaching GBX 350.40. The company’s stock had a trading volume of 279,204,219 shares, compared to its average volume of 37,570,371. The stock has a market cap of £8.82 billion, a PE ratio of 18.90, a P/E/G ratio of 0.56 and a beta of 0.43. The company has a current ratio of 1.16, a quick ratio of 1.76 and a debt-to-equity ratio of 111.54. Rentokil Initial has a fifty-two week low of GBX 344.60 and a fifty-two week high of GBX 507. The company’s 50 day moving average is GBX 440.76 and its two-hundred day moving average is 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.