JPMorgan Chase & Co. Issues Pessimistic Forecast for Rentokil Initial (LON:RTO) Stock Price

Rentokil Initial (LON:RTO - Free Report) had its price target decreased by JPMorgan Chase & Co. from GBX 440 ($5.37) to GBX 430 ($5.25) in a report issued on Tuesday, MarketBeat reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Rentokil Initial Stock Performance

Shares of Rentokil Initial stock traded down GBX 5.10 ($0.06) during trading on Tuesday, hitting GBX 377.50 ($4.61). 3,039,990 shares of the company's stock were exchanged, compared to its average volume of 75,605,219. The stock has a market capitalization of £9.48 billion, a price-to-earnings ratio of 2,359.38, a PEG ratio of 0.56 and a beta of 0.55. The business has a 50-day simple moving average of GBX 398.53 and a 200-day simple moving average of GBX 422.58. Rentokil Initial has a 52-week low of GBX 336.30 ($4.11) and a 52-week high of GBX 517.60 ($6.32). 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 Activity

In other news, insider Brian Baldwin bought 7,500,000 shares of the business's stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average cost of GBX 413 ($5.04) per share, with a total value of £30,975,000 ($37,815,895.50). Insiders own 0.32% of the company's stock.

Rentokil Initial Company Profile

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.