Citigroup Lowers Rentokil Initial (LON:RTO) Price Target to GBX 550

Rentokil Initial (LON:RTO) had its price target dropped by equities researchers at Citigroup from GBX 575 to GBX 550 in a report issued on Friday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price points to a potential upside of 56.96% from the stock’s previous close.

Several other analysts also recently weighed in on RTO. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 540 price target on shares of Rentokil Initial in a research note on Friday, June 5th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 550 price objective on shares of Rentokil Initial in a research note on Thursday, July 9th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 468.33.

Rentokil Initial Trading Down 0.5%

Shares of RTO stock traded down GBX 1.60 on Friday, hitting GBX 350.40. 279,204,219 shares of the company’s stock traded hands, compared to its average volume of 37,570,371. The company has a debt-to-equity ratio of 111.54, a quick ratio of 1.76 and a current ratio of 1.16. Rentokil Initial has a one year low of GBX 344.60 and a one year high of GBX 507. The company’s fifty day simple moving average is GBX 440.76 and its 200 day simple moving average is GBX 461.29. The stock has a market capitalization of £8.82 billion, a price-to-earnings ratio of 18.90, a P/E/G ratio of 0.56 and a beta of 0.43.

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. 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.