The share price of the FTSE 100-listed Rentokil Initial PLC (GB:RTO) crashed yesterday after the pest control company flagged weaker demand in North America in its Q3 update. This was mainly driven by its acquisition of Terminix and organic revenue growth of 4.3%. While North American organic revenue increased by 2.2%, the U.S. wholesale distribution business experienced a decline of 2.5% in Q3. Similarly, Bank of America Securities analyst Simona Sarli also reiterated a Buy rating, forecasting a 35% growth in the share price. The Rentokil share price forecast is 661.75p, which is 35% higher than the current price level.
