Rentokil Initial (LON:RTO) Stock Price Up 9.1% - What's Next?

Key Points

• Rentokil Initial's stock surged by 9.1%, reaching a trading price of GBX 377.98 ($4.99) after previously closing at GBX 346.60 ($4.58).
• Wall Street analysts, specifically Deutsche Bank, have increased their price target for Rentokil Initial shares from GBX 425 ($5.61) to GBX 435 ($5.75) and designated the stock as a "buy."
• Insider trading activity has been noted, with Sally Johnson purchasing 3,567 shares at a price of GBX 351 ($4.64) each, indicating potential confidence in the company's stock.

Shares of Rentokil Initial plc (LON:RTO - Get Free Report) traded up 9.1% on Thursday . The stock traded as high as GBX 387.30 ($5.14) and last traded at GBX 377.98 ($5.02). 13,367,716 shares traded hands during mid-day trading, an increase of 30% from the average session volume of 10,266,272 shares. The stock had previously closed at GBX 346.60 ($4.60).

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upped their target price on Rentokil Initial from GBX 425 ($5.64) to GBX 435 ($5.78) and gave the stock a "buy" rating in a report on Monday, July 21st. Royal Bank Of Canada reiterated an "outperform" rating and issued a GBX 440 ($5.84) target price on shares of Rentokil Initial in a report on Friday.

Rentokil Initial Stock Down 3.0%

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 stock has a market capitalization of £8.87 billion, a PE ratio of 22.71, a PEG ratio of 0.56 and a beta of 0.55. The business has a 50 day moving average of GBX 353.10 and a two-hundred day moving average of GBX 359.12.

Insider Transactions at Rentokil Initial

In other Rentokil Initial news, insider Sally Johnson bought 3,567 shares of Rentokil Initial stock in a transaction that occurred on Monday, June 2nd. The shares were bought at an average cost of GBX 351 ($4.66) per share, with a total value of £12,520.17 ($16,624.84). 0.32% of the stock is owned by corporate insiders.

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.