Rentokil Initial (LON:RTO) Trading 11% Higher – What’s Next?

Rentokil Initial plc (LON:RTO)’s stock price traded up 11% during mid-day trading on Thursday . The company traded as high as GBX 480 ($6.41) and last traded at GBX 452.09 ($6.04). 204,376,313 shares traded hands during mid-day trading, an increase of 1,938% from the average session volume of 10,026,369 shares. The stock had previously closed at GBX 407.30 ($5.44).

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Berenberg Bank reiterated a “sell” rating and issued a GBX 284 target price on shares of Rentokil Initial in a research note on Monday, September 29th. JPMorgan Chase & Co. restated a “no recommendation” rating on shares of Rentokil Initial in a research report on Monday, August 11th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 440 price target on shares of Rentokil Initial in a research report on Friday, August 1st. UBS Group restated a “neutral” rating and issued a GBX 380 price target on shares of Rentokil Initial in a research report on Friday, October 17th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Rentokil Initial from GBX 425 to GBX 435 and gave the stock a “buy” rating in a research report on Monday, July 21st. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Rentokil Initial has a consensus rating of “Hold” and an average price target of GBX 393.80.

Rentokil Initial Stock Performance

The company has a debt-to-equity ratio of 113.35, a quick ratio of 1.76 and a current ratio of 1.04. The firm’s 50-day moving average price is GBX 376.41 and its two-hundred day moving average price is GBX 359.23. The firm has a market capitalization of £11.42 billion, a price-to-earnings ratio of 35.40, a price-to-earnings-growth ratio of 0.56 and a beta of 0.55.

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.