Rentokil Initial (LON:RTO) Trading Up 8.3% – Time to Buy?

Rentokil Initial plc (LON:RTO) shares traded up 8.3% during mid-day trading on Friday . The stock traded as high as GBX 480 ($6.40) and last traded at GBX 441.20 ($5.88). 19,834,004 shares traded hands during mid-day trading, an increase of 117% from the average session volume of 9,130,533 shares. The stock had previously closed at GBX 407.30 ($5.43).

Wall Street Analysts Forecast Growth

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

Rentokil Initial Trading Down 0.2%

The business has a 50-day simple moving average of GBX 377.82 and a two-hundred day simple moving average of GBX 360.14. The stock has a market cap of £11.07 billion, a price-to-earnings ratio of 34.29, a P/E/G ratio of 0.56 and a beta of 0.55. The company has a debt-to-equity ratio of 113.35, a current ratio of 1.04 and a quick ratio of 1.76.

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.