Rentokil Initial plc (LON:RTO) Receives GBX 636.80 Consensus Target Price from Brokerages

Shares of Rentokil Initial plc (LON:RTO) have been given a consensus rating of “Moderate Buy” by the six brokerages that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is GBX 614 ($7.58).

A number of analysts have recently commented on RTO shares. Royal Bank of Canada boosted their target price on shares of Rentokil Initial from GBX 575 ($7.10) to GBX 590 ($7.29) and gave the stock an “outperform” rating in a research note on Tuesday, March 12th. Jefferies Financial Group restated a “buy” rating and set a GBX 600 ($7.41) price target on shares of Rentokil Initial in a research report on Thursday, April 18th. Finally, JPMorgan Chase & Co. restated a “buy” rating and set a GBX 500 ($6.18) price target on shares of Rentokil Initial in a research report on Tuesday, April 23rd.

Insider Transactions at Rentokil Initial

In related news, insider Andy M. Ransom sold 464,245 shares of the 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 transaction of £2,270,158.05 ($2,804,048.97). Insiders own 1.10% of the company’s stock.

Rentokil Initial Trading Up 0.4 %

Shares of Rentokil Initial stock opened at GBX 412.20 ($5.09) on Tuesday. The firm has a 50-day simple moving average of GBX 451.21 and a two-hundred day simple moving average of GBX 443.26. The company has a market cap of £10.39 billion, a P/E ratio of 2,748.00, a price-to-earnings-growth ratio of 0.79 and a beta of 0.54. Rentokil Initial has a fifty-two week low of GBX 387.80 ($4.79) and a fifty-two week high of GBX 663.80 ($8.20). The company has a debt-to-equity ratio of 116.93, a quick ratio of 1.76 and a current ratio of 1.05.

Rentokil Initial Increases Dividend

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

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.