Several other research analysts have also issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Rentokil Initial from GBX 345 ($4.51) to GBX 350 ($4.57) and gave the stock an overweight rating in a report on Friday, December 14th. Goldman Sachs Group lowered shares of Rentokil Initial to a neutral rating and raised their price target for the stock from GBX 400 ($5.23) to GBX 420 ($5.49) in a report on Monday, January 21st. Finally, Credit Suisse Group raised their price target on shares of Rentokil Initial from GBX 375 ($4.90) to GBX 400 ($5.23) and gave the stock an outperform rating in a report on Wednesday, December 12th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of GBX 370.91 ($4.85).
Shares of RTO traded down GBX 0.30 ($0.00) during mid-day trading on Thursday, reaching GBX 346.70 ($4.53). The company had a trading volume of 2,838,419 shares, compared to its average volume of 7,450,000. Rentokil Initial has a 52-week low of GBX 262.70 ($3.43) and a 52-week high of GBX 361.20 ($4.72). The company has a quick ratio of 0.76, a current ratio of 0.88 and a debt-to-equity ratio of 152.01. The company has a market capitalization of $6.36 billion and a price-to-earnings ratio of -65.42.
The firm also recently announced a dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 11th will be paid a dividend of GBX 3.16 ($0.04) per share. This represents a yield of 0.96%. The ex-dividend date is Thursday, April 11th. This is an increase from Rentokil Initial’s previous dividend of $1.31. Rentokil Initial’s dividend payout ratio (DPR) is -0.75%.
About Rentokil Initial
Rentokil Initial plc, through its subsidiaries, provides route-based services in North America, the United Kingdom, Europe, Asia, Pacific, and rest of world. It offers a range of pest control services from rodents to flying insects, as well as to other forms of wildlife management for commercial and residential customers.
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