Rentokil Initial (LON:RTO) Price Target Cut to GBX 465 by Analysts at Deutsche Bank Aktiengesellschaft

Rentokil Initial (LON:RTO) had its price objective reduced by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 550 ($7.19) to GBX 465 ($6.08) in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 23.02% from the company’s current price.

Several other analysts also recently weighed in on the company. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 500 ($6.54) target price on shares of Rentokil Initial in a research note on Tuesday, July 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 570 ($7.45) price target on shares of Rentokil Initial in a report on Wednesday, July 31st.

Rentokil Initial Stock Up 1.6 %

RTO stock opened at GBX 378 ($4.94) on Thursday. The stock has a market capitalization of £9.49 billion, a price-to-earnings ratio of 2,520.00, a price-to-earnings-growth ratio of 0.84 and a beta of 0.55. The company has a 50-day moving average of GBX 465.16 and a two-hundred day moving average of GBX 449.88. Rentokil Initial has a 52-week low of GBX 361.70 ($4.73) and a 52-week high of GBX 615.40 ($8.05). The company has a debt-to-equity ratio of 116.58, a current ratio of 1.04 and a quick ratio of 1.76.

Insider Activity at Rentokil Initial

In other news, insider Sally Johnson acquired 2,493 shares of Rentokil Initial stock in a transaction on Wednesday, June 26th. The stock was bought at an average price of GBX 462 ($6.04) per share, for a total transaction of £11,517.66 ($15,061.67). Corporate insiders own 1.10% of the company’s stock.

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.