Rentokil Initial (LON:RTO) Price Target Cut to GBX 550 by Analysts at Citigroup

Rentokil Initial (LON:RTO) had its target price decreased by Citigroup from GBX 575 to GBX 550 in a research note issued to investors on Friday morning, Marketbeat reports. Citigroup currently has a buy rating on the stock.

RTO has been the subject of several other research reports. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 540 price objective 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 target price on shares of Rentokil Initial in a research note on Thursday, July 9th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Rentokil Initial has an average rating of “Moderate Buy” and an average target price of GBX 463.

Rentokil Initial Stock Performance

Shares of LON:RTO opened at GBX 344.80 on Friday. The company has a market capitalization of £8.68 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 0.56 and a beta of 0.43. Rentokil Initial has a 12 month low of GBX 344.60 and a 12 month high of GBX 507. The firm’s 50-day moving average is GBX 438.37 and its 200 day moving average is GBX 460.48. The company has a current ratio of 1.06, a quick ratio of 1.76 and a debt-to-equity ratio of 45.09.

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.