Zacks Investment Research upgraded shares of Rentokil Initial PLC (OTCMKTS:RTOKY) from a hold rating to a buy rating in a research report released on Saturday. The firm currently has $22.00 target price on the business services provider’s stock.

According to Zacks, “Rentokil Initial plc provides business support services including pest control, package delivery, interior landscaping, catering, cleaning, washroom solutions and textiles. Building services includes installation and maintenance of heating, ventilation and air conditioning equipment, water testing and treatment; and electrical testing and safety services. Its cleaning companies provide a professional cleaning service to industry, commerce, hotels, schools, hospitals, airports and other transport facilities. Its specialist services include the supply of non-medical hospital staff, the manufacture of washroom dispensing systems. Its interior landscaping offers indoor plants to customers on a rental or purchase basis. Linen, Garment and Floorcare Rental supplies workwear, uniforms, clean room uniforms and protective equipment. Rentokil Initial plc is based in Gatwick, the United Kingdom. “

Rentokil Initial PLC (RTOKY) opened at 19.43 on Friday. The company has a market capitalization of $7.12 billion, a P/E ratio of 8.11 and a beta of 0.57. Rentokil Initial PLC has a 1-year low of $12.71 and a 1-year high of $19.62. The firm’s 50-day moving average is $18.36 and its 200-day moving average is $16.44.

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The firm also recently declared a None dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, August 11th will be paid a dividend of $0.066 per share. The ex-dividend date is Wednesday, August 9th.

About Rentokil Initial PLC

Rentokil Initial plc is a commercial pest control company. The Company is engaged in the provision of route-based services, which protect people and enhance lives. The Company’s segments include Europe, UK & Rest of World, Asia, North America, Pacific, and Central and regional. The Company’s business categories include Pest Control, Hygiene, Workwear and Other.

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