Jefferies Financial Group Brokers Raise Earnings Estimates for Rentokil Initial plc (OTCMKTS:RTOKY)

Rentokil Initial plc (OTCMKTS:RTOKY) – Equities researchers at Jefferies Financial Group raised their FY2020 earnings per share estimates for Rentokil Initial in a research note issued on Monday, January 11th. Jefferies Financial Group analyst J. Winckler now forecasts that the business services provider will post earnings per share of $0.96 for the year, up from their previous estimate of $0.92. Jefferies Financial Group also issued estimates for Rentokil Initial’s FY2021 earnings at $1.20 EPS and FY2022 earnings at $1.36 EPS.

A number of other research firms have also recently issued reports on RTOKY. The Goldman Sachs Group cut Rentokil Initial from a “buy” rating to a “neutral” rating in a research report on Monday, October 5th. UBS Group assumed coverage on Rentokil Initial in a report on Monday, September 21st. They set a “sell” rating on the stock. Zacks Investment Research cut Rentokil Initial from a “hold” rating to a “sell” rating in a report on Thursday, December 24th. Morgan Stanley restated an “overweight” rating on shares of Rentokil Initial in a report on Tuesday. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of Rentokil Initial in a report on Thursday, October 8th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $39.00.

Rentokil Initial stock opened at $37.21 on Tuesday. Rentokil Initial has a 12-month low of $17.93 and a 12-month high of $37.86. The company has a quick ratio of 0.96, a current ratio of 1.05 and a debt-to-equity ratio of 1.19. The business’s 50-day moving average price is $34.98 and its two-hundred day moving average price is $35.07. The stock has a market cap of $13.80 billion, a PE ratio of 40.45 and a beta of 0.90.

About Rentokil Initial

Rentokil Initial plc, through 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 from rodents to flying and crawling insects, as well as to other forms of wildlife management for commercial and residential customers.

Featured Article: Blue-Chip Stocks