Rentokil Initial (LON:RTO) had its price objective increased by research analysts at Deutsche Bank from GBX 420 ($5.49) to GBX 460 ($6.01) in a research report issued to clients and investors on Tuesday, Digital Look reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank’s price target indicates a potential upside of 4.14% from the stock’s current price.
Several other brokerages also recently issued reports on RTO. Citigroup raised their price target on Rentokil Initial from GBX 400 ($5.23) to GBX 520 ($6.79) and gave the company a “buy” rating in a research report on Friday, September 6th. Royal Bank of Canada downgraded Rentokil Initial to a “sector performer” rating and raised their price target for the company from GBX 410 ($5.36) to GBX 470 ($6.14) in a research report on Tuesday, August 20th. JPMorgan Chase & Co. raised their price target on Rentokil Initial from GBX 395 ($5.16) to GBX 415 ($5.42) and gave the company an “overweight” rating in a research report on Friday, July 26th. Barclays raised their price target on Rentokil Initial from GBX 350 ($4.57) to GBX 410 ($5.36) and gave the company an “overweight” rating in a research report on Thursday, June 27th. Finally, Peel Hunt reaffirmed a “hold” rating on shares of Rentokil Initial in a research report on Monday, July 29th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Rentokil Initial currently has an average rating of “Hold” and an average target price of GBX 432 ($5.64).
Shares of LON:RTO opened at GBX 441.70 ($5.77) on Tuesday. The company has a market cap of $8.17 billion and a P/E ratio of -83.34. The stock’s 50-day moving average is GBX 443.73 and its 200-day moving average is GBX 394.22. Rentokil Initial has a 52-week low of GBX 280 ($3.66) and a 52-week high of GBX 468.60 ($6.12). The company has a debt-to-equity ratio of 217.72, a quick ratio of 0.74 and a current ratio of 0.83.
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.
Featured Story: Why is the LIBOR significant?
Receive News & Ratings for Rentokil Initial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rentokil Initial and related companies with MarketBeat.com's FREE daily email newsletter.