Credit Suisse Group lowered shares of Rentokil Initial (LON:RTO) to a neutral rating in a research report released on Tuesday, Digital Look reports. The brokerage currently has GBX 450 ($5.92) price objective on the stock, down from their previous price objective of GBX 460 ($6.05).
Several other research firms have also issued reports on RTO. Jefferies Financial Group reissued a hold rating on shares of Rentokil Initial in a research report on Friday, December 13th. Peel Hunt reissued a hold rating on shares of Rentokil Initial in a research report on Monday, December 23rd. Peel Hunt reissued a hold rating and issued a GBX 455 ($5.99) price target on shares of Rentokil Initial in a research report on Thursday, October 17th. Finally, Deutsche Bank reissued a hold rating on shares of Rentokil Initial in a research report on Friday, October 18th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of GBX 446.11 ($5.87).
Shares of RTO opened at GBX 455.20 ($5.99) on Tuesday. The company has a 50-day simple moving average of GBX 447.66 and a 200-day simple moving average of GBX 441.10. The firm has a market capitalization of $8.42 billion and a P/E ratio of -85.89. The company has a debt-to-equity ratio of 217.72, a quick ratio of 0.74 and a current ratio of 0.83. Rentokil Initial has a 52 week low of GBX 327.90 ($4.31) and a 52 week high of GBX 470.70 ($6.19).
In related news, insider Daragh Fagan sold 100,000 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of GBX 457 ($6.01), for a total value of £457,000 ($601,157.59).
Rentokil Initial Company Profile
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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