Rentokil Initial (LON:RTO) Shares Up 8.3% - What's Next?

Key Points

• Rentokil Initial plc shares surged 8.3% during trading, reaching a high of GBX 480 ($6.40) before closing at GBX 441.20 ($5.88), with trading volume exceeding the average by 117%.
• Analysts have mixed opinions on Rentokil, with two recommending a Buy rating, one a Hold rating, and one a Sell rating, leading to a consensus rating of "Hold" with an average price target of GBX 393.80.
• The firm has a market cap of £11.09 billion, a PE ratio of 34.38, and a solid financial position indicated by a current ratio of 1.04 and a quick ratio of 1.76.

Shares of Rentokil Initial plc (LON:RTO - Get Free Report) shot up 8.3% during trading on Thursday . The company 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).

Analysts Set New Price Targets

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

Rentokil Initial Price Performance

The firm's 50-day moving average price is GBX 377.82 and its two-hundred day moving average price is GBX 360.14. The stock has a market cap of £11.09 billion, a PE ratio of 34.38, a PEG ratio of 0.56 and a beta of 0.55. The company has a current ratio of 1.04, a quick ratio of 1.76 and a debt-to-equity ratio of 113.35.

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.

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