JPMorgan Chase & Co. Reaffirms “Buy” Rating for Rentokil Initial (LON:RTO)

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

Several other analysts have also commented on RTO. Jefferies Financial Group reissued a buy rating and set a GBX 600 ($7.41) target price on shares of Rentokil Initial in a research note on Thursday, April 18th. Royal Bank of Canada increased their target price on shares of Rentokil Initial from GBX 575 ($7.10) to GBX 590 ($7.29) and gave the company an outperform rating in a research note on Tuesday, March 12th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of GBX 614 ($7.58).

Rentokil Initial Stock Up 0.4 %

RTO stock opened at GBX 412.20 ($5.09) on Tuesday. Rentokil Initial has a 12 month low of GBX 387.80 ($4.79) and a 12 month high of GBX 663.80 ($8.20). The firm has a market cap of £10.39 billion, a PE ratio of 2,748.00, a P/E/G ratio of 0.79 and a beta of 0.54. The firm has a 50 day simple moving average of GBX 451.21 and a 200 day simple moving average of GBX 444.37. The company has a debt-to-equity ratio of 116.93, a current ratio of 1.05 and a quick ratio of 1.76.

Rentokil Initial Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be given a GBX 5.93 ($0.07) dividend. This represents a dividend yield of 1.38%. The ex-dividend date is Thursday, April 4th. This is an increase from Rentokil Initial’s previous dividend of $2.75. Rentokil Initial’s dividend payout ratio is 6,000.00%.

Insider Activity at Rentokil Initial

In related news, insider Andy M. Ransom sold 464,245 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were 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 owned by insiders.

Rentokil Initial Company Profile

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.