Rentokil Initial (LON:RTO) Sets New 12-Month Low - Here's What Happened

Rentokil Initial plc (LON:RTO - Get Free Report) hit a new 52-week low on Monday . The stock traded as low as GBX 358.20 ($4.79) and last traded at GBX 359.20 ($4.80), with a volume of 10549295 shares. The stock had previously closed at GBX 364.20 ($4.87).

Analyst Ratings Changes

A number of research firms have commented on RTO. JPMorgan Chase & Co. reissued a "neutral" rating and issued a GBX 500 ($6.69) target price on shares of Rentokil Initial in a report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft reduced their target price on Rentokil Initial from GBX 550 ($7.36) to GBX 465 ($6.22) and set a "buy" rating for the company in a report on Thursday, September 12th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a GBX 570 ($7.62) target price on shares of Rentokil Initial in a report on Wednesday, July 31st.

Rentokil Initial Stock Down 1.6 %

The firm has a market cap of £8.99 billion, a price-to-earnings ratio of 2,239.08, a P/E/G ratio of 0.55 and a beta of 0.55. The company has a current ratio of 1.04, a quick ratio of 1.76 and a debt-to-equity ratio of 116.58. The firm has a 50 day moving average price of GBX 442.09 and a 200-day moving average price of GBX 443.14.

Rentokil Initial Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, August 8th were paid a dividend of GBX 3.16 ($0.04) per share. This represents a dividend yield of 0.67%. The ex-dividend date was Thursday, August 8th. Rentokil Initial's dividend payout ratio (DPR) is presently 5,625.00%.

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.