Rentokil Initial (LON:RTO) Stock Price Up 8.3% - Here's What Happened

Key Points

• Rentokil Initial plc shares experienced an 8.3% increase during mid-day trading, reaching a peak of GBX 480 ($6.40).
• The company has a market capitalization of £11.09 billion and aims to expand its pest control services across various global markets.
• Analyst ratings for Rentokil Initial vary, with a consensus rating of "Hold" and an average price target of GBX 393.80.

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

Analyst Upgrades and Downgrades

RTO has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft increased their target price on Rentokil Initial from GBX 425 to GBX 435 and gave the stock a "buy" rating in a report on Monday, July 21st. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 440 target price on shares of Rentokil Initial in a report on Friday, August 1st. UBS Group reissued a "neutral" rating and issued a GBX 380 target price on shares of Rentokil Initial in a report on Friday, October 17th. JPMorgan Chase & Co. reissued a "no recommendation" rating on shares of Rentokil Initial in a report on Monday, August 11th. Finally, Berenberg Bank reissued a "sell" rating and issued a GBX 284 target price on shares of Rentokil Initial in a report on Monday, September 29th. 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. According to MarketBeat, Rentokil Initial presently has a consensus rating of "Hold" and an average price target of GBX 393.80.

Rentokil Initial Trading Up 8.3%

The firm has a market capitalization of £11.09 billion, a price-to-earnings ratio of 34.38, 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. The firm's 50-day simple moving average is GBX 377.82 and its 200 day simple moving average is GBX 360.14.

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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