Rentokil Initial (LON:RTO) Stock Price Up 11.7% – Still a Buy?

Rentokil Initial plc (LON:RTO)’s stock price rose 11.7% during mid-day trading on Thursday . The company traded as high as GBX 480 ($6.39) and last traded at GBX 455 ($6.06). Approximately 205,272,859 shares changed hands during trading, an increase of 1,946% from the average daily volume of 10,030,722 shares. The stock had previously closed at GBX 407.30 ($5.42).

Wall Street Analyst Weigh In

Several research analysts have weighed in on RTO shares. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 440 price target on shares of Rentokil Initial in a research note on Friday, August 1st. JPMorgan Chase & Co. restated a “no recommendation” rating on shares of Rentokil Initial in a research note on Monday, August 11th. Citigroup upped their price target on Rentokil Initial from GBX 470 to GBX 500 and gave the stock a “buy” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft upped their price target on Rentokil Initial from GBX 425 to GBX 435 and gave the stock a “buy” rating in a research note on Monday, July 21st. Finally, Berenberg Bank restated a “sell” rating and issued a GBX 284 price target on shares of Rentokil Initial in a research note on Monday, September 29th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 411.50.

Rentokil Initial Stock Up 0.2%

The company has a current ratio of 1.04, a quick ratio of 1.76 and a debt-to-equity ratio of 113.35. The stock has a market capitalization of £11.12 billion, a P/E ratio of 34.44, a P/E/G ratio of 0.56 and a beta of 0.55. The business has a 50-day moving average price of GBX 379.37 and a 200 day moving average price of GBX 360.98.

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.