Rentokil Initial (LON:RTO) Price Target Lowered to GBX 465 at Deutsche Bank Aktiengesellschaft

Rentokil Initial (LON:RTO) had its price target lowered by Deutsche Bank Aktiengesellschaft from GBX 550 ($7.19) to GBX 465 ($6.08) in a research report released on Thursday morning, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a GBX 500 ($6.54) price target on shares of Rentokil Initial in a report on Tuesday, July 2nd. Royal Bank of Canada reaffirmed an outperform rating and set a GBX 570 ($7.45) price target on shares of Rentokil Initial in a research report on Wednesday, July 31st.

Rentokil Initial Price Performance

Rentokil Initial stock opened at GBX 378 ($4.94) on Thursday. The stock has a market cap of £9.49 billion, a P/E ratio of 2,520.00, a price-to-earnings-growth ratio of 0.58 and a beta of 0.55. The company has a fifty day simple moving average of GBX 465.16 and a 200-day simple moving average of GBX 449.99. The company has a current ratio of 1.04, a quick ratio of 1.76 and a debt-to-equity ratio of 116.58. Rentokil Initial has a 12-month low of GBX 361.70 ($4.73) and a 12-month high of GBX 615.40 ($8.05).

Rentokil Initial Cuts Dividend

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

Insider Transactions at Rentokil Initial

In other Rentokil Initial news, insider Sally Johnson acquired 2,493 shares of the business’s stock in a transaction on Wednesday, June 26th. The stock was purchased at an average price of GBX 462 ($6.04) per share, for a total transaction of £11,517.66 ($15,061.67). Company 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.