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

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

A number of other research analysts have also issued reports on RTO. Royal Bank of Canada restated an outperform rating and issued a GBX 570 ($7.45) target price on shares of Rentokil Initial in a report on Wednesday, July 31st. JPMorgan Chase & Co. restated a neutral rating and set a GBX 500 ($6.54) target price on shares of Rentokil Initial in a research report on Tuesday, July 2nd.

Rentokil Initial Stock Up 1.6 %

RTO stock opened at GBX 378 ($4.94) on Thursday. The company has a debt-to-equity ratio of 116.58, a current ratio of 1.04 and a quick ratio of 1.76. Rentokil Initial has a 12 month low of GBX 361.70 ($4.73) and a 12 month high of GBX 615.40 ($8.05). The company’s 50 day simple moving average is GBX 465.16 and its 200-day simple moving average is GBX 449.99. The firm has a market capitalization of £9.49 billion, a PE ratio of 2,520.00, a P/E/G ratio of 0.58 and a beta of 0.55.

Rentokil Initial Cuts Dividend

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

Insiders Place Their Bets

In other news, insider Sally Johnson acquired 2,493 shares of the company’s stock in a transaction dated Wednesday, June 26th. The stock was acquired at an average cost of GBX 462 ($6.04) per share, for a total transaction of £11,517.66 ($15,061.67). 1.10% of the stock is currently owned by insiders.

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.