Rentokil Initial (LON:RTO) Reaches New 12-Month High – Should You Buy?

Shares of Rentokil Initial plc (LON:RTO) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 483.30 and last traded at GBX 478.70, with a volume of 5356425 shares traded. The stock had previously closed at GBX 469.50.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RTO. UBS Group restated a “neutral” rating and issued a GBX 380 price objective on shares of Rentokil Initial in a research note on Friday, October 17th. Berenberg Bank raised their price target on shares of Rentokil Initial from GBX 284 to GBX 300 and gave the stock a “sell” rating in a research report on Monday, November 3rd. Finally, Citigroup lifted their price objective on shares of Rentokil Initial from GBX 470 to GBX 500 and gave the company a “buy” rating in a research note on Friday, October 24th. Three 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of GBX 411.

Rentokil Initial Trading Up 2.0%

The firm has a market cap of £12.04 billion, a PE ratio of 37.30, a price-to-earnings-growth ratio of 0.56 and a beta of 0.55. The company has a 50-day simple moving average of GBX 434.81 and a 200 day simple moving average of GBX 398.08. The company has a current ratio of 1.04, a quick ratio of 1.76 and a debt-to-equity ratio of 113.35.

Rentokil Initial Company Profile

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. The company provides hygiene services, including the provision and maintenance of products, such as soap and hand sanitizer dispensers, hand dryers, air care and purification, cubicle and surface sanitizers, feminine hygiene units, toilet paper dispensers, and floor protection mats.