Rentokil Initial (LON:RTO) Sets New 12-Month Low at $361.60

Rentokil Initial plc (LON:RTO)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 361.60 ($4.78) and last traded at GBX 363.30 ($4.80), with a volume of 417204813 shares changing hands. The stock had previously closed at GBX 369.40 ($4.88).

Analyst Ratings Changes

Several equities analysts recently issued reports on RTO shares. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 570 ($7.53) price target on shares of Rentokil Initial in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Rentokil Initial from GBX 550 ($7.27) to GBX 465 ($6.14) and set a “buy” rating on the stock in a research note on Thursday, September 12th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 500 ($6.61) price objective on shares of Rentokil Initial in a research report on Tuesday, July 2nd.

Rentokil Initial Trading Down 1.2 %

The stock has a market cap of £9.16 billion, a P/E ratio of 2,462.67, a P/E/G ratio of 0.58 and a beta of 0.55. The company has a debt-to-equity ratio of 116.58, a quick ratio of 1.76 and a current ratio of 1.04. The stock’s fifty day moving average is GBX 457.69 and its 200 day moving average is GBX 448.28.

Rentokil Initial Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 16th. Investors of record on Thursday, August 8th were issued a dividend of GBX 3.16 ($0.04) per share. The ex-dividend date was Thursday, August 8th. This represents a yield of 0.67%. Rentokil Initial’s payout ratio is 6,000.00%.

Insider Activity

In other news, insider Sally Johnson purchased 2,493 shares of the business’s stock in a transaction on Wednesday, June 26th. The shares were acquired at an average cost of GBX 462 ($6.10) per share, with a total value of £11,517.66 ($15,214.87). 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.