Rentokil Initial (LON:RTO) Rating Reiterated by HSBC – Riverton Roll

Rentokil Initial (LON:RTO)s stock had its buy rating reaffirmed by equities researchers at HSBC in a note issued to investors on Monday, January 13th, Stock Target Advisor reports.

Several other analysts have also recently weighed in on the stock. Royal Bank of Canada reduced their target price on shares of Rentokil Initial from GBX 470 ($6.18) to GBX 450 ($5.92) and set a sector performer rating on the stock in a report on Friday, January 10th. Deutsche Bank reaffirmed a hold rating on shares of Rentokil Initial in a report on Friday, October 18th. Peel Hunt reaffirmed a hold rating and issued a GBX 455 ($5.99) target price on shares of Rentokil Initial in a report on Thursday, October 17th. Peel Hunt reaffirmed a hold rating on shares of Rentokil Initial in a report on Monday, December 23rd. Finally, Jefferies Financial Group reaffirmed a hold rating on shares of Rentokil Initial in a report on Friday, December 13th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the companys stock. Rentokil Initial has an average rating of Hold and a consensus target price of GBX 446.11 ($5.87).

Shares of RTO traded down GBX 0.50 ($0.01) during mid-day trading on Monday, hitting GBX 475.10 ($6.25). 2,551,362 shares of the companys stock were exchanged, compared to its average volume of 7,450,000. The company has a market cap of $8.79 billion and a price-to-earnings ratio of -89.64. Rentokil Initial has a fifty-two week low of GBX 327.90 ($4.31) and a fifty-two week high of GBX 475.50 ($6.25). The company has a debt-to-equity ratio of 217.72, a quick ratio of 0.74 and a current ratio of 0.83. The stocks 50-day moving average is GBX 458.47 and its 200-day moving average is GBX 447.37.

In other news, insider Daragh Fagan sold 100,000 shares of the firms stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of GBX 457 ($6.01), for a total transaction of 457,000 ($601,157.59).

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.

Further Reading: Asset Allocation, Balancing Your Investments

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Rentokil Initial (LON:RTO) Rating Reiterated by HSBC - Riverton Roll