Rentokil Initial (LON:RTO) Hits New 1-Year Low – Time to Sell?

Rentokil Initial plc (LON:RTO)’s share price hit a new 52-week low on Thursday . The stock traded as low as GBX 322.70 and last traded at GBX 328, with a volume of 21125785 shares traded. The stock had previously closed at GBX 328.30.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 550 price target on shares of Rentokil Initial in a research report on Thursday, July 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 480 target price on shares of Rentokil Initial in a report on Friday. JPMorgan Chase & Co. cut their price target on Rentokil Initial from GBX 477 to GBX 431 and set an “overweight” rating for the company in a research note on Friday, July 31st. Citigroup lowered their price objective on Rentokil Initial from GBX 575 to GBX 550 and set a “buy” rating on the stock in a research report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Rentokil Initial from GBX 465 to GBX 405 and set a “hold” rating for the company in a research note on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Rentokil Initial presently has an average rating of “Moderate Buy” and an average price target of GBX 455.75.

Rentokil Initial Stock Performance

The firm has a market cap of £8.03 billion, a price-to-earnings ratio of 16.93, a P/E/G ratio of 0.56 and a beta of 0.41. The company has a debt-to-equity ratio of 110.37, a current ratio of 1.06 and a quick ratio of 1.76. The firm has a fifty day simple moving average of GBX 370.86 and a two-hundred day simple moving average of GBX 432.43.

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.