Rentokil Initial (LON:RTO) Price Target Raised to GBX 575 at Citigroup

Rentokil Initial (LON:RTO) had its price objective hoisted by Citigroup from GBX 550 to GBX 575 in a report published on Monday morning,London Stock Exchange reports. They currently have a buy rating on the stock.

Several other analysts have also commented on the stock. Stifel Nicolaus reissued a “hold” rating and set a GBX 390 price target on shares of Rentokil Initial in a research report on Thursday, March 5th. UBS Group upgraded shares of Rentokil Initial from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from GBX 430 to GBX 540 in a research note on Thursday, March 12th. Finally, Jefferies Financial Group lifted their price target on shares of Rentokil Initial from GBX 540 to GBX 550 and gave the stock a “buy” rating in a report on Tuesday, March 10th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 461.43.

Rentokil Initial Stock Down 2.9%

Rentokil Initial stock traded down GBX 13.90 during mid-day trading on Monday, reaching GBX 469.50. 2,147,000,000 shares of the company were exchanged, compared to its average volume of 79,010,898. Rentokil Initial has a 12-month low of GBX 306 and a 12-month high of GBX 493.90. The business has a fifty day moving average of GBX 462.41 and a 200 day moving average of GBX 426.76. The firm has a market cap of £11.81 billion, a P/E ratio of 36.59, a PEG ratio of 0.56 and a beta of 0.49. The company has a debt-to-equity ratio of 111.54, a quick ratio of 1.76 and a current ratio of 1.16.

Insiders Place Their Bets

In other news, insider Sally Johnson acquired 2,676 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were acquired at an average cost of GBX 483 per share, with a total value of £12,925.08. Insiders own 2.82% 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. The company provides hygiene services, including the provision and maintenance of products, such as soap and hand sanitizer dispensers, hand dryers, air care and purification, cubicle and surface sanitizers, feminine hygiene units, toilet paper dispensers, and floor protection mats.