Rentokil Initial (LON:RTO) Stock Rating Reaffirmed by JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their buy rating on shares of Rentokil Initial (LON:RTO) in a research note issued to investors on Tuesday morning, MarketBeat reports. They currently have a GBX 500 ($6.18) target price on the stock.

A number of other brokerages also recently weighed in on RTO. Jefferies Financial Group restated a buy rating and issued a GBX 600 ($7.41) target price on shares of Rentokil Initial in a research note on Thursday, April 18th. Royal Bank of Canada upped their price objective on Rentokil Initial from GBX 575 ($7.10) to GBX 590 ($7.29) and gave the company an outperform rating in a research note on Tuesday, March 12th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of GBX 614 ($7.58).

Rentokil Initial Price Performance

Shares of LON RTO opened at GBX 410.50 ($5.07) on Tuesday. Rentokil Initial has a twelve month low of GBX 387.80 ($4.79) and a twelve month high of GBX 663.80 ($8.20). The stock’s 50 day moving average price is GBX 451.52 and its 200-day moving average price is GBX 445.64. The company has a market capitalization of £10.34 billion, a PE ratio of 2,736.67, a PEG ratio of 0.79 and a beta of 0.54. The company has a quick ratio of 1.76, a current ratio of 1.05 and a debt-to-equity ratio of 116.93.

Rentokil Initial Increases Dividend

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

Insider Activity at Rentokil Initial

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

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.