Rentokil Initial’s (RTO) “Buy” Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their buy rating on shares of Rentokil Initial (LON:RTO) in a research note released on Tuesday, MarketBeat.com reports. The firm currently has a GBX 500 ($6.18) price objective on the stock.

RTO has been the topic of several other research reports. Jefferies Financial Group reiterated a buy rating and set a GBX 600 ($7.41) price target on shares of Rentokil Initial in a research report on Thursday, April 18th. Royal Bank of Canada boosted their price objective on Rentokil Initial from GBX 575 ($7.10) to GBX 590 ($7.29) and gave the stock an outperform rating in a report on Tuesday, March 12th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of GBX 614 ($7.58).

Rentokil Initial Stock Down 0.1 %

Shares of LON RTO opened at GBX 424.40 ($5.24) on Tuesday. The firm’s 50-day simple moving average is GBX 451.40 and its 200 day simple moving average is GBX 446.08. The company has a market cap of £10.69 billion, a price-to-earnings ratio of 2,833.33, a price-to-earnings-growth 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 has a 12-month low of GBX 387.80 ($4.79) and a 12-month high of GBX 663.80 ($8.20).

Rentokil Initial Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be paid a GBX 5.93 ($0.07) dividend. 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 dividend yield of 1.38%. Rentokil Initial’s dividend payout ratio is 6,000.00%.

Insider Activity

In other news, insider Andy M. Ransom sold 464,245 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was 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 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.