Zacks Investment Research upgraded shares of Rentokil Initial (OTCMKTS:RTOKY) from a hold rating to a buy rating in a research report sent to investors on Wednesday. Zacks Investment Research currently has $23.00 price objective on the business services provider’s stock.
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. “
OTCMKTS:RTOKY opened at $21.14 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 27.10, a P/E/G ratio of 2.47 and a beta of 0.63. Rentokil Initial has a 12 month low of $18.21 and a 12 month high of $24.25.
Rentokil Initial plc, through its subsidiaries, provides route-based services in North America, the United Kingdom, Europe, Asia, Pacific, and rest of world. It offers a range of pest control services from rodents to flying insects, as well as to other forms of wildlife management for commercial and residential customers.
See Also: Leveraged Buyout (LBO)
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