Peel Hunt Downgrades Rentokil Initial (RTO) to Hold – Modern Readers

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Rentokil Initial (LON:RTO) was downgraded by research analysts at Peel Hunt to a “hold” rating in a note issued to investors on Friday, March 22nd, ThisIsMoney.Co.Uk reports.

A number of other brokerages have also commented on RTO. Deutsche Bank restated a “hold” rating on shares of Rentokil Initial in a report on Friday, March 1st. Goldman Sachs Group dropped their price objective on shares of Rentokil Initial from GBX 420 ($5.49) to GBX 400 ($5.23) and set a “neutral” rating on the stock in a report on Monday, March 18th. Credit Suisse Group raised their price objective 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. Finally, JPMorgan Chase & Co. raised their price objective on shares of Rentokil Initial from GBX 350 ($4.57) to GBX 370 ($4.83) and gave the stock an “overweight” rating in a report on Tuesday, March 5th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 370.91 ($4.85).

RTO traded up GBX 2.80 ($0.04) during mid-day trading on Friday, hitting GBX 366.80 ($4.79). The stock had a trading volume of 4,432,790 shares, compared to its average volume of 7,450,000. The company has a debt-to-equity ratio of 152.01, a quick ratio of 0.72 and a current ratio of 0.88. The firm has a market cap of $6.74 billion and a PE ratio of -69.21. Rentokil Initial has a 1-year low of GBX 266.70 ($3.48) and a 1-year high of GBX 368 ($4.81).

Rentokil Initial Company Profile

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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