Rentokil Initial (LON:RTO) Trading 11% Higher - What's Next?

Key Points

• Rentokil Initial plc shares surged by 11% during mid-day trading, reaching a peak price of GBX 480 ($6.41) and a last traded price of GBX 452.09 ($6.04), significantly increasing trading volume by 1,938% compared to the average session.
• Analysts have mixed opinions on Rentokil Initial, with ratings including "buy," "hold," and "sell," as two have given it a buy rating while the consensus rating is currently "hold" with an average target price of GBX 393.80.
• The company's market capitalization stands at £11.42 billion with a P/E ratio of 35.40, reflecting its position in the pest control services sector across multiple regions.

Shares of Rentokil Initial plc (LON:RTO - Get Free Report) traded up 11% during mid-day trading on Thursday . The company traded as high as GBX 480 ($6.41) and last traded at GBX 452.09 ($6.04). 204,376,313 shares were traded during mid-day trading, an increase of 1,938% from the average session volume of 10,026,369 shares. The stock had previously closed at GBX 407.30 ($5.44).

Wall Street Analyst Weigh In

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

Rentokil Initial Stock Up 11.5%

The firm has a market cap 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. The business's fifty day moving average price is GBX 376.41 and its two-hundred day moving average price 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.

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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