Rentokil Initial (OTCMKTS:RTOKY) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Rentokil Initial (OTCMKTS:RTOKYGet Rating) from a buy rating to a hold rating in a research report sent to investors on Thursday morning, Zacks.com reports.

According to Zacks, “Rentokil Initial plc provides business support services including pest control, package delivery, interior landscaping, catering, cleaning, washroom solutions and textiles. Building services includes installation and maintenance of heating, ventilation and air conditioning equipment, water testing and treatment; and electrical testing and safety services. Its cleaning companies provide a professional cleaning service to industry, commerce, hotels, schools, hospitals, airports and other transport facilities. Its specialist services include the supply of non-medical hospital staff, the manufacture of washroom dispensing systems. Its interior landscaping offers indoor plants to customers on a rental or purchase basis. Linen, Garment and Floorcare Rental supplies workwear, uniforms, clean room uniforms and protective equipment. Rentokil Initial plc is based in Gatwick, the United Kingdom. “

RTOKY has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Rentokil Initial from GBX 630 ($8.03) to GBX 550 ($7.01) in a report on Friday, March 11th. Exane BNP Paribas upgraded Rentokil Initial from a neutral rating to an outperform rating in a research report on Friday, March 25th. Berenberg Bank upgraded shares of Rentokil Initial from a hold rating to a buy rating in a research report on Friday, January 21st. Finally, Citigroup upgraded shares of Rentokil Initial from a neutral rating to a buy rating in a research note on Thursday, January 20th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Buy and an average price target of $404.67.

OTCMKTS RTOKY opened at $35.30 on Thursday. The company’s 50 day moving average is $33.73 and its 200-day moving average is $37.15. Rentokil Initial has a 12-month low of $29.45 and a 12-month high of $43.69. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.97 and a quick ratio of 0.87.

The business also recently disclosed a dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Friday, April 8th will be issued a dividend of $0.2638 per share. This represents a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, April 7th.

Rentokil Initial Company Profile (Get Rating)

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 from rodents to flying and crawling insects, as well as to other forms of wildlife management for commercial and residential customers.

See Also

Get a free copy of the Zacks research report on Rentokil Initial (RTOKY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Rentokil Initial (OTCMKTS:RTOKY)

Receive News & Ratings for Rentokil Initial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rentokil Initial and related companies with MarketBeat.com's FREE daily email newsletter.