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

Key Points

• Shares of Rentokil Initial plc rose by 8.3% during trading, reaching a high of GBX 480 ($6.40) before closing at GBX 441.20 ($5.88).
• The stock has received mixed ratings from analysts, with two recommending a Buy, one a Hold, and one a Sell, leading to a current consensus rating of "Hold".
• Rentokil Initial has a market cap of £11.07 billion and reported a P/E ratio of 34.29, along with a debt-to-equity ratio of 113.35.

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

A number of brokerages have issued reports on RTO. JPMorgan Chase & Co. reaffirmed a "no recommendation" rating on shares of Rentokil Initial in a research report on Monday, August 11th. 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. UBS Group reaffirmed a "neutral" rating and set a GBX 380 price target on shares of Rentokil Initial in a research report on Friday, October 17th. Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 440 price target on shares of Rentokil Initial in a report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft upped 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. Based on data from MarketBeat, Rentokil Initial currently has a consensus rating of "Hold" and an average target price of GBX 393.80.

Rentokil Initial Price Performance

The company has a current ratio of 1.04, a quick ratio of 1.76 and a debt-to-equity ratio of 113.35. The business's fifty day moving average is GBX 377.82 and its 200 day moving average is GBX 360.14. The company has a market cap of £11.07 billion, a P/E ratio of 34.29, a PEG ratio of 0.56 and a beta of 0.55.

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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