Jefferies Financial Group Reiterates “Buy” Rating for Rentokil Initial (LON:RTO)

Rentokil Initial (LON:RTO)‘s stock had its “buy” rating reiterated by research analysts at Jefferies Financial Group in a report issued on Thursday, MarketBeat reports. They presently have a GBX 600 ($7.47) price target on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 41.94% from the company’s current price.

Separately, Royal Bank of Canada upped their price objective on shares of Rentokil Initial from GBX 575 ($7.16) to GBX 590 ($7.34) and gave the company an “outperform” rating in a report on Tuesday, March 12th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 636.80 ($7.93).

Rentokil Initial Stock Performance

Shares of RTO opened at GBX 422.70 ($5.26) on Thursday. The company has a current ratio of 1.05, a quick ratio of 1.76 and a debt-to-equity ratio of 116.93. The stock has a market capitalization of £10.65 billion, a P/E ratio of 2,818.00, a price-to-earnings-growth ratio of 0.79 and a beta of 0.54. The firm’s fifty day simple moving average is GBX 450.29 and its two-hundred day simple moving average is GBX 450.47. Rentokil Initial has a 12 month low of GBX 387.80 ($4.83) and a 12 month high of GBX 663.80 ($8.26).

Insiders Place Their Bets

In other news, insider Andy M. Ransom sold 464,245 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of GBX 489 ($6.09), for a total value of £2,270,158.05 ($2,826,040.15). 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.