JPMorgan Chase & Co. Has Lowered Expectations for Rentokil Initial (LON:RTO) Stock Price

Rentokil Initial (LON:RTO) had its target price decreased by equities researchers at JPMorgan Chase & Co. from GBX 440 ($5.39) to GBX 430 ($5.26) in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 12.89% from the company’s current price.

Rentokil Initial Stock Up 0.9 %

LON RTO opened at GBX 380.90 ($4.66) on Tuesday. Rentokil Initial has a one year low of GBX 336.30 ($4.12) and a one year high of GBX 517.60 ($6.34). The firm has a market cap of £9.56 billion, a PE ratio of 2,380.63, a price-to-earnings-growth ratio of 0.56 and a beta of 0.55. The company has a debt-to-equity ratio of 116.58, a current ratio of 1.04 and a quick ratio of 1.76. The stock’s 50 day simple moving average is GBX 398.53 and its 200 day simple moving average is GBX 422.58.

Insiders Place Their Bets

In other Rentokil Initial news, insider Brian Baldwin acquired 7,500,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average cost of GBX 413 ($5.06) per share, for a total transaction of £30,975,000 ($37,913,096.70). Insiders own 0.32% 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.