JPMorgan Chase & Co. Cuts Rentokil Initial (LON:RTO) Price Target to GBX 430

Rentokil Initial (LON:RTO) had its target price reduced by JPMorgan Chase & Co. from GBX 440 ($5.38) to GBX 430 ($5.26) in a research report released on Tuesday, Marketbeat Ratings reports. They currently have a neutral rating on the stock.

Rentokil Initial Stock Performance

Shares of LON RTO opened at GBX 382.80 ($4.68) on Tuesday. The company has a quick ratio of 1.76, a current ratio of 1.04 and a debt-to-equity ratio of 116.58. The firm’s 50-day moving average price is GBX 398.32 and its two-hundred day moving average price is GBX 422.30. Rentokil Initial has a 52-week low of GBX 336.30 ($4.11) and a 52-week high of GBX 517.60 ($6.33). The stock has a market capitalization of £9.61 billion, a P/E ratio of 2,392.50, a P/E/G ratio of 0.56 and a beta of 0.55.

Insider Buying and Selling

In other Rentokil Initial news, insider Brian Baldwin purchased 7,500,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were bought at an average price of GBX 413 ($5.05) per share, with a total value of £30,975,000 ($37,899,180.23). Company insiders own 0.32% 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.