Rentokil Initial (LON:RTO) had its price objective decreased by Credit Suisse Group from GBX 450 ($5.92) to GBX 360 ($4.74) in a report published on Monday morning, Stock Target Advisor reports. Credit Suisse Group currently has a neutral rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Royal Bank of Canada lowered their price objective on shares of Rentokil Initial from GBX 470 ($6.18) to GBX 450 ($5.92) and set a sector performer rating on the stock in a research note on Friday, January 10th. Peel Hunt restated a hold rating and set a GBX 495 ($6.51) target price (up previously from GBX 460 ($6.05)) on shares of Rentokil Initial in a research report on Monday, February 24th. Barclays upped their price target on shares of Rentokil Initial from GBX 445 ($5.85) to GBX 505 ($6.64) and gave the company an overweight rating in a report on Thursday, February 27th. Deutsche Bank reiterated a hold rating on shares of Rentokil Initial in a research report on Friday, February 28th. Finally, HSBC cut shares of Rentokil Initial to a hold rating and dropped their price objective for the stock from GBX 515 ($6.77) to GBX 390 ($5.13) in a research note on Friday, March 20th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Rentokil Initial has an average rating of Hold and a consensus target price of GBX 468.50 ($6.16).
LON:RTO opened at GBX 340.10 ($4.47) on Monday. The company has a market capitalization of $6.29 billion and a PE ratio of 22.38. The company has a quick ratio of 0.89, a current ratio of 1.01 and a debt-to-equity ratio of 135.75. Rentokil Initial has a 52-week low of GBX 247.70 ($3.26) and a 52-week high of GBX 535.20 ($7.04). The stock has a fifty day simple moving average of GBX 467.38 and a 200-day simple moving average of GBX 456.02.
The company also recently announced a dividend, which will be paid on Wednesday, May 20th. Investors of record on Thursday, April 9th will be paid a GBX 3.64 ($0.05) dividend. This is an increase from Rentokil Initial’s previous dividend of $1.51. The ex-dividend date is Thursday, April 9th. This represents a yield of 0.73%. Rentokil Initial’s payout ratio is presently 0.33%.
About Rentokil Initial
Rentokil Initial plc, through its subsidiaries, provides route-based services in North America, the United Kingdom, Europe, Asia, Pacific, and rest of world. It offers a range of pest control services from rodents to flying insects, as well as to other forms of wildlife management for commercial and residential customers.
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