Rentokil Initial’s (RTO) “Outperform” Rating Reiterated at Royal Bank of Canada

Rentokil Initial (LON:RTO)‘s stock had its “outperform” rating reaffirmed by research analysts at Royal Bank of Canada in a research note issued on Wednesday, Digital Look reports. They presently have a GBX 570 ($7.33) price target on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 20.41% from the stock’s previous close.

Several other research firms have also commented on RTO. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 600 ($7.72) price objective on shares of Rentokil Initial in a research note on Thursday, April 18th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 500 ($6.43) price objective on shares of Rentokil Initial in a research note on Tuesday, July 2nd.

Rentokil Initial Trading Up 1.0 %

LON:RTO opened at GBX 473.40 ($6.09) on Wednesday. The company has a debt-to-equity ratio of 116.93, a quick ratio of 1.76 and a current ratio of 1.05. The firm has a market cap of £11.88 billion, a price-to-earnings ratio of 3,156.00, a price-to-earnings-growth ratio of 0.71 and a beta of 0.56. Rentokil Initial has a 52 week low of GBX 387.80 ($4.99) and a 52 week high of GBX 635 ($8.17). The firm has a 50-day moving average price of GBX 446.91 and a two-hundred day moving average price of GBX 437.39.

Insider Activity

In related news, insider Sally Johnson bought 2,493 shares of Rentokil Initial stock in a transaction dated Wednesday, June 26th. The stock was purchased at an average cost of GBX 462 ($5.94) per share, with a total value of £11,517.66 ($14,815.62). Insiders own 1.10% of the company’s stock.

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.