JPMorgan Chase & Co. Reiterates Neutral Rating for Rentokil Initial (LON:RTO)

Rentokil Initial (LON:RTO)‘s stock had its “neutral” rating reiterated by stock analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Tuesday, Digital Look reports. They currently have a GBX 500 ($6.32) target price on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 10.04% from the company’s current price.

Several other brokerages have also recently commented on RTO. Royal Bank of Canada reissued an “outperform” rating and set a GBX 590 ($7.46) target price on shares of Rentokil Initial in a report on Monday, June 17th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 600 ($7.59) price objective on shares of Rentokil Initial in a research note on Thursday, April 18th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 603.80 ($7.64).

Rentokil Initial Stock Down 1.3 %

Rentokil Initial stock opened at GBX 454.40 ($5.75) on Tuesday. Rentokil Initial has a 52 week low of GBX 387.80 ($4.91) and a 52 week high of GBX 663.80 ($8.40). The stock has a market cap of £11.41 billion, a price-to-earnings ratio of 3,029.33, a PEG ratio of 0.71 and a beta of 0.56. The company’s 50-day moving average price is GBX 427.05 and its two-hundred day moving average price is GBX 432.10. The company has a current ratio of 1.05, a quick ratio of 1.76 and a debt-to-equity ratio of 116.93.

Insider Activity

In related news, insider Sally Johnson bought 2,493 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were acquired at an average cost of GBX 462 ($5.84) per share, for a total transaction of £11,517.66 ($14,568.25). Insiders own 1.10% of the company’s stock.

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.