Rentokil Initial (LON:RTO) Trading Up 8.9% – What’s Next?

Rentokil Initial plc (LON:RTO)’s stock price traded up 8.9% during trading on Thursday . The stock traded as high as GBX 480 ($6.41) and last traded at GBX 443.60 ($5.93). 203,165,516 shares changed hands during mid-day trading, an increase of 1,928% from the average session volume of 10,020,492 shares. The stock had previously closed at GBX 407.30 ($5.44).

Analysts Set New Price Targets

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

Rentokil Initial Stock Performance

The company’s fifty day simple moving average is GBX 376.41 and its 200 day simple moving average is GBX 359.23. 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 £11.42 billion, a P/E ratio of 35.40, a P/E/G ratio of 0.56 and a beta of 0.55.

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.