JPMorgan Chase & Co. Lowers Rentokil Initial (LON:RTO) Price Target to GBX 431

Rentokil Initial (LON:RTO) had its price objective cut by equities researchers at JPMorgan Chase & Co. from GBX 477 to GBX 431 in a report issued on Friday,Digital Look reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 23.99% from the stock’s previous close.

RTO has been the subject of a number of other reports. Citigroup cut their price objective on shares of Rentokil Initial from GBX 575 to GBX 550 and set a “buy” rating for the company in a report on Friday. Royal Bank Of Canada dropped their target price on shares of Rentokil Initial from GBX 540 to GBX 480 and set an “outperform” rating for the company in a research report on Thursday. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 550 price target on shares of Rentokil Initial in a report on Thursday, July 9th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Rentokil Initial currently has an average rating of “Moderate Buy” and an average price target of GBX 463.

Rentokil Initial Price Performance

Shares of LON RTO traded down GBX 4.40 during mid-day trading on Friday, reaching GBX 347.60. The company’s stock had a trading volume of 280,175,500 shares, compared to its average volume of 37,576,980. The company has a debt-to-equity ratio of 111.54, a current ratio of 1.16 and a quick ratio of 1.76. Rentokil Initial has a 52 week low of GBX 344.60 and a 52 week high of GBX 507. The stock has a fifty day moving average of GBX 440.76 and a two-hundred day moving average of GBX 461.29. The firm has a market capitalization of £8.75 billion, a PE ratio of 18.75, 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.