Rentokil Initial (LON:RTO) Trading 9.1% Higher - What's Next?

Key Points

• Rentokil Initial's share price increased by 9.1% on Thursday, reaching a high of GBX 387.30 ($5.12) and closing at GBX 377.98 ($4.99).
• Deutsche Bank has raised its price target for Rentokil Initial shares from GBX 425 ($5.61) to GBX 435 ($5.75) and maintained a "buy" rating.
• Insider activity revealed that Sally Johnson purchased 3,567 shares at an average price of GBX 351 ($4.64), indicating confidence in the company's future.

Rentokil Initial plc (LON:RTO - Get Free Report)'s share price traded 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 were traded during 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).

Analysts Set New Price Targets

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

Rentokil Initial Stock Performance

The firm's fifty day moving average price is GBX 352.87 and its 200-day moving average price is GBX 359.52. 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 company has a market cap of £9.47 billion, a P/E ratio of 24.24, a P/E/G ratio of 0.56 and a beta of 0.55.

Insider Activity

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.