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

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

RTO has been the topic of several other reports. Royal Bank of Canada restated an outperform rating and issued a GBX 570 ($7.45) price objective on shares of Rentokil Initial in a report on Wednesday, July 31st. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a GBX 500 ($6.54) price objective on shares of Rentokil Initial in a research report on Tuesday, July 2nd.

Rentokil Initial Stock Up 1.6 %

Shares of RTO stock opened at GBX 378 ($4.94) on Thursday. The stock has a market cap of £9.49 billion, a P/E ratio of 2,520.00, a price-to-earnings-growth ratio of 0.58 and a beta of 0.55. The stock has a fifty day moving average price of GBX 465.16 and a 200 day moving average price of GBX 449.88. Rentokil Initial has a one year low of GBX 361.70 ($4.73) and a one year high of GBX 615.40 ($8.05). 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 Cuts Dividend

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

Insider Buying and Selling at Rentokil Initial

In other news, insider Sally Johnson bought 2,493 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were acquired at an average cost of GBX 462 ($6.04) per share, with a total value of £11,517.66 ($15,061.67). Corporate insiders own 1.10% 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.