Brokerages Set Rentokil Initial plc (LON:RTO) PT at GBX 636.80

Shares of Rentokil Initial plc (LON:RTO) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 614 ($7.58).

Several equities research analysts recently issued reports on RTO shares. Jefferies Financial Group reiterated 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. JPMorgan Chase & Co. reissued a “buy” rating and issued a GBX 500 ($6.18) price target on shares of Rentokil Initial in a report on Tuesday. Finally, Royal Bank of Canada increased their price target on shares of Rentokil Initial from GBX 575 ($7.10) to GBX 590 ($7.29) and gave the company an “outperform” rating in a report on Tuesday, March 12th.

Rentokil Initial Trading Down 1.9 %

Shares of LON:RTO opened at GBX 410.50 ($5.07) on Tuesday. Rentokil Initial has a 52-week low of GBX 387.80 ($4.79) and a 52-week high of GBX 663.80 ($8.20). The company has a market capitalization of £10.34 billion, a P/E ratio of 2,736.67, a price-to-earnings-growth ratio of 0.79 and a beta of 0.54. The company has a 50-day simple moving average of GBX 451.52 and a 200 day simple moving average of GBX 445.64. 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 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 represents a yield of 1.38%. This is a boost from Rentokil Initial’s previous dividend of $2.75. The ex-dividend date of this dividend is Thursday, April 4th. Rentokil Initial’s dividend payout ratio (DPR) is 6,000.00%.

Insider Activity at Rentokil Initial

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

Rentokil Initial Company Profile

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.