Rentokil Initial (LON:RTO) Trading Up 8.3% - Time to Buy?

Key Points

• Rentokil Initial plc saw its stock price increase by 8.3%, reaching GBX 441.20 ($5.88), following a trading volume that was 117% higher than the average.
• Analysts offer mixed ratings on the stock, with Berenberg Bank reiterating a "sell" rating, while Deutsche Bank upgraded it to a "buy" with a target price increase from GBX 425 to GBX 435.
• The company has a market cap of £11.07 billion and a P/E ratio of 34.29, indicating a steady financial profile amid varying analyst sentiments.

Rentokil Initial plc (LON:RTO - Get Free Report)'s stock price was up 8.3% on Friday . The stock 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 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

RTO has been the topic of several recent analyst reports. Berenberg Bank reiterated a "sell" rating and set a GBX 284 target price on shares of Rentokil Initial in a report on Monday, September 29th. Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 440 target price on shares of Rentokil Initial in a report on Friday, August 1st. UBS Group reiterated a "neutral" rating and set a GBX 380 target price on shares of Rentokil Initial in a report on Friday, October 17th. JPMorgan Chase & Co. reiterated a "no recommendation" rating on shares of Rentokil Initial in a report on Monday, August 11th. Finally, Deutsche Bank Aktiengesellschaft lifted 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. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of GBX 393.80.

Rentokil Initial Price Performance

The company has a 50 day simple moving average of GBX 377.82 and a 200-day simple moving average of GBX 360.14. The stock has a market cap of £11.07 billion, a price-to-earnings ratio of 34.29, a P/E/G ratio of 0.56 and a beta of 0.55. 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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