Rentokil Initial (LON:RTO) Shares Up 9.1% - Time to Buy?

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.

Rentokil Initial plc (LON:RTO - Get Free Report)'s stock price shot up 9.1% on Thursday . The company traded as high as GBX 387.30 ($5.12) and last traded at GBX 377.98 ($4.99). 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 ($4.58).

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Rentokil Initial from GBX 425 ($5.61) to GBX 435 ($5.75) and gave the company a "buy" rating in a research report on Monday, July 21st.

Rentokil Initial Trading Up 9.1%

The stock has a market cap of £9.47 billion, a price-to-earnings ratio of 24.24, a price-to-earnings-growth ratio of 0.56 and a beta of 0.55. The firm's 50 day moving average is GBX 352.26 and its two-hundred day moving average is GBX 359.56. The company has a quick ratio of 1.76, a current ratio of 1.04 and a debt-to-equity ratio of 113.35.

Insiders Place Their Bets

In other Rentokil Initial news, insider Sally Johnson acquired 3,567 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were purchased at an average price of GBX 351 ($4.64) per share, for a total transaction of £12,520.17 ($16,539.19). 0.32% of the stock is currently owned by company 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.

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