Rentokil Initial plc (RTO) Given Average Rating of “Hold” by Brokerages

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Rentokil Initial plc (LON:RTO) has been assigned a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is GBX 388.33 ($5.07).

Several research analysts recently commented on RTO shares. Peel Hunt reiterated an “add” rating on shares of Rentokil Initial in a research report on Thursday, February 28th. Deutsche Bank reiterated a “hold” rating on shares of Rentokil Initial in a research report on Friday, March 1st. Jefferies Financial Group reiterated a “hold” rating on shares of Rentokil Initial in a research report on Tuesday, April 9th. Goldman Sachs Group dropped their price target on Rentokil Initial from GBX 420 ($5.49) to GBX 400 ($5.23) and set a “neutral” rating for the company in a research report on Monday, March 18th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Rentokil Initial in a research report on Wednesday, May 15th.

Shares of RTO stock traded up GBX 0.60 ($0.01) during trading hours on Monday, hitting GBX 380 ($4.97). The stock had a trading volume of 15,600,624 shares, compared to its average volume of 7,450,000. The stock has a market capitalization of $7.00 billion and a price-to-earnings ratio of -71.70. Rentokil Initial has a one year low of GBX 280 ($3.66) and a one year high of GBX 393.80 ($5.15). The company has a current ratio of 0.88, a quick ratio of 0.72 and a debt-to-equity ratio of 152.01.

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

In other Rentokil Initial news, insider Richard Solomons bought 25,000 shares of the company’s stock in a transaction on Friday, April 26th. The stock was acquired at an average price of GBX 390 ($5.10) per share, for a total transaction of £97,500 ($127,401.02).

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.

Further Reading: Return on Investment (ROI) Defined, Explained

Analyst Recommendations for Rentokil Initial (LON:RTO)

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