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

Rentokil Initial (LON:RTO) had its price objective cut by JPMorgan Chase & Co. from GBX 440 ($5.38) to GBX 430 ($5.26) in a research note issued to investors on Tuesday,Digital Look reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 13.91% from the company’s previous close.

Rentokil Initial Trading Down 1.3 %

Shares of Rentokil Initial stock traded down GBX 5.10 ($0.06) on Tuesday, reaching GBX 377.50 ($4.62). 3,039,990 shares of the company’s stock were exchanged, compared to its average volume of 75,605,219. The company has a market capitalization of £9.48 billion, a P/E ratio of 2,359.38, a price-to-earnings-growth ratio of 0.56 and a beta of 0.55. Rentokil Initial has a 52 week low of GBX 336.30 ($4.12) and a 52 week high of GBX 517.60 ($6.33). The firm’s 50-day moving average is GBX 398.73 and its two-hundred day moving average is GBX 422.88. The company has a debt-to-equity ratio of 116.58, a quick ratio of 1.76 and a current ratio of 1.04.

Insider Buying and Selling

In other Rentokil Initial news, insider Brian Baldwin bought 7,500,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average cost of GBX 413 ($5.05) per share, with a total value of £30,975,000 ($37,903,817.91). 0.32% of the stock is owned by company 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.