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

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JPMorgan Chase & Co. reiterated their overweight rating on shares of Rentokil Initial (LON:RTO) in a research note released on Wednesday, ThisIsMoney.Co.Uk reports.

A number of other equities analysts have also weighed in on RTO. Goldman Sachs Group lowered Rentokil Initial to a neutral rating and increased their price target for the company from GBX 400 ($5.23) to GBX 420 ($5.49) in a research report on Monday, January 21st. Peel Hunt lowered Rentokil Initial to a hold rating and increased their price target for the company from GBX 343 ($4.48) to GBX 345 ($4.51) in a research report on Tuesday, January 22nd. Deutsche Bank reiterated a hold rating on shares of Rentokil Initial in a research report on Friday, March 1st. Finally, Jefferies Financial Group reiterated a hold rating on shares of Rentokil Initial in a research report on Tuesday, April 9th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of GBX 381.10 ($4.98).

Shares of LON:RTO traded up GBX 6.10 ($0.08) during midday trading on Wednesday, reaching GBX 391 ($5.11). The company had a trading volume of 3,890,642 shares, compared to its average volume of 7,450,000. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 152.01. Rentokil Initial has a 1-year low of GBX 280 ($3.66) and a 1-year high of GBX 393.80 ($5.15). The firm has a market capitalization of $7.17 billion and a price-to-earnings ratio of -73.77.

The firm also recently disclosed a dividend, which was paid on Wednesday, May 15th. Investors of record on Thursday, April 11th were paid a GBX 3.16 ($0.04) dividend. This is an increase from Rentokil Initial’s previous dividend of $1.31. This represents a yield of 0.96%. The ex-dividend date of this dividend was Thursday, April 11th. Rentokil Initial’s dividend payout ratio is currently -0.75%.

In other Rentokil Initial news, insider Richard Solomons acquired 25,000 shares of Rentokil Initial stock in a transaction that occurred on Friday, April 26th. The stock was purchased at an average cost of GBX 390 ($5.10) per share, with a total value of £97,500 ($127,401.02).

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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Analyst Recommendations for Rentokil Initial (LON:RTO)

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