Analysts Set Rentokil Initial plc (LON:RTO) PT at GBX 636.80

Rentokil Initial plc (LON:RTO) has earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 614 ($7.71).

A number of equities research analysts have recently weighed in on RTO shares. JPMorgan Chase & Co. reiterated a “buy” rating and issued a GBX 500 ($6.28) price objective on shares of Rentokil Initial in a research report on Tuesday, April 23rd. Royal Bank of Canada lifted their price target on shares of Rentokil Initial from GBX 575 ($7.22) to GBX 590 ($7.41) and gave the company an “outperform” rating in a report on Tuesday, March 12th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 600 ($7.54) price objective on shares of Rentokil Initial in a report on Thursday, April 18th.

Insider Buying and Selling

In other Rentokil Initial news, insider Andy M. Ransom sold 464,245 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of GBX 489 ($6.14), for a total transaction of £2,270,158.05 ($2,851,599.11). 1.10% of the stock is owned by insiders.

Rentokil Initial Stock Performance

Rentokil Initial stock opened at GBX 412.10 ($5.18) on Tuesday. Rentokil Initial has a 1-year low of GBX 387.80 ($4.87) and a 1-year high of GBX 663.80 ($8.34). The firm has a market cap of £10.38 billion, a P/E ratio of 2,761.33, a P/E/G ratio of 0.79 and a beta of 0.54. The company has a current ratio of 1.05, a quick ratio of 1.76 and a debt-to-equity ratio of 116.93. The firm has a 50-day moving average of GBX 451.07 and a 200-day moving average of GBX 440.74.

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 dividend of GBX 5.93 ($0.07) per share. The ex-dividend date is Thursday, April 4th. This is a positive change from Rentokil Initial’s previous dividend of $2.75. This represents a dividend yield of 1.38%. Rentokil Initial’s payout ratio is currently 6,000.00%.

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.