Rentokil Initial (LON:RTO) Trading 8.3% Higher - What's Next?

Key Points

• Rentokil Initial plc shares rose by 8.3%, with stock trading reaching a high of GBX 480 ($6.40) during the day.
• The company's current market capitalization stands at £11.09 billion, supported by a PE ratio of 34.38 and a debt-to-equity ratio of 113.35.
• Analyst ratings for Rentokil Initial vary, with two maintaining a "Buy" rating, while the average rating is a "Hold" with a consensus target price of GBX 393.80.

Rentokil Initial plc (LON:RTO - Get Free Report) traded up 8.3% on Thursday . The stock traded as high as GBX 480 ($6.40) and last traded at GBX 441.20 ($5.88). 19,834,004 shares changed 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).

Analyst Ratings Changes

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

Rentokil Initial Stock Up 8.3%

The company has a market capitalization of £11.09 billion, a PE 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 company has a 50-day moving average of GBX 377.82 and a two-hundred day moving average of GBX 360.14.

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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