Rentokil Initial plc (LON:RTO – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is GBX 614 ($7.58).
Several equities analysts recently commented on RTO shares. Royal Bank of Canada boosted their target price on Rentokil Initial from GBX 575 ($7.10) to GBX 590 ($7.29) and gave the stock an “outperform” rating in a research report on Tuesday, March 12th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 600 ($7.41) target price on shares of Rentokil Initial in a research report on Thursday, April 18th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and issued a GBX 500 ($6.18) target price on shares of Rentokil Initial in a research report on Tuesday.
Get Our Latest Report on Rentokil Initial
Insider Activity at Rentokil Initial
Rentokil Initial Price Performance
Rentokil Initial stock 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 business 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 quick ratio of 1.76, a current ratio of 1.05 and a debt-to-equity ratio of 116.93. The stock has a market cap of £10.34 billion, a price-to-earnings ratio of 2,736.67, a PEG ratio of 0.79 and a beta of 0.54.
Rentokil Initial Increases Dividend
The business also recently disclosed a dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be given a dividend of GBX 5.93 ($0.07) per share. This represents a yield of 1.38%. The ex-dividend date is Thursday, April 4th. This is a positive change from Rentokil Initial’s previous dividend of $2.75. Rentokil Initial’s dividend payout ratio (DPR) is 6,000.00%.
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.
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