Rentokil Initial plc (LON:RTO) Receives GBX 636.80 Consensus Target Price from Brokerages

Rentokil Initial plc (LON:RTO) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is GBX 614 ($7.71).

A number of equities analysts have recently weighed in on RTO shares. Royal Bank of Canada upped their target price on Rentokil Initial from GBX 575 ($7.22) to GBX 590 ($7.41) and gave the stock an “outperform” rating in a research report on Tuesday, March 12th. JPMorgan Chase & Co. restated a “buy” rating and set a GBX 500 ($6.28) price objective on shares of Rentokil Initial in a report on Tuesday, April 23rd. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 600 ($7.54) price objective on shares of Rentokil Initial in a report on Thursday, April 18th.

Rentokil Initial Stock Down 0.5 %

RTO stock opened at GBX 412.10 ($5.18) on Tuesday. The stock’s 50 day simple moving average is GBX 451.07 and its 200 day simple moving average is GBX 440.74. The company has a market cap of £10.38 billion, a P/E ratio of 2,761.33, a price-to-earnings-growth ratio of 0.79 and a beta of 0.54. The company has a debt-to-equity ratio of 116.93, a quick ratio of 1.76 and a current ratio of 1.05. Rentokil Initial has a fifty-two week low of GBX 387.80 ($4.87) and a fifty-two week high of GBX 663.80 ($8.34).

Rentokil Initial Increases Dividend

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

Insider Transactions at Rentokil Initial

In other news, insider Andy M. Ransom sold 464,245 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of GBX 489 ($6.14), for a total value of £2,270,158.05 ($2,851,599.11). Company insiders own 1.10% of the company’s stock.

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.