Rentokil Initial plc (LON:RTO) Given Consensus Rating of “Buy” by Analysts

Rentokil Initial plc (LON:RTO – Get Rating) has earned a consensus rating of “Buy” from the nine ratings firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 612 ($7.55).

A number of research firms have commented on RTO. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Rentokil Initial in a research report on Thursday, April 7th. Citigroup reaffirmed a “buy” rating on shares of Rentokil Initial in a research report on Monday, April 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 550 ($6.78) price objective on shares of Rentokil Initial in a research report on Wednesday, May 4th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 595 ($7.34) price objective on shares of Rentokil Initial in a research report on Friday, February 11th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 640 ($7.89) price objective on shares of Rentokil Initial in a research report on Wednesday, March 9th.

In other Rentokil Initial news, insider Stuart Ingall- Tombs sold 18,967 shares of the business’s stock in a transaction that occurred on Monday, March 28th. The shares were sold at an average price of GBX 524 ($6.46), for a total transaction of £99,387.08 ($122,533.69).

LON RTO opened at GBX 501.36 ($6.18) on Thursday. The company has a debt-to-equity ratio of 156.20, a quick ratio of 0.84 and a current ratio of 0.97. The company has a market capitalization of £9.34 billion and a price-to-earnings ratio of 35.43. The company’s 50-day simple moving average is GBX 516.45 and its two-hundred day simple moving average is GBX 544.96. Rentokil Initial has a one year low of GBX 444.20 ($5.48) and a one year high of GBX 662 ($8.16).

The business also recently announced a dividend, which will be paid on Wednesday, May 18th. Shareholders of record on Thursday, April 7th will be given a dividend of GBX 4.30 ($0.05) per share. This represents a yield of 0.85%. The ex-dividend date of this dividend is Thursday, April 7th. This is an increase from Rentokil Initial’s previous dividend of $2.09. Rentokil Initial’s payout ratio is currently 0.53%.

Rentokil Initial Company Profile (Get Rating)

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 and residential customers.

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