Rentokil Initial (LON:RTO) Trading Up 8.9% - What's Next?

Key Points

• Rentokil Initial's stock surged 8.9% on Thursday, reaching a high of GBX 480 ($6.41) before closing at GBX 443.60 ($5.93), with trading volume increasing by 1,928% compared to its average daily volume.
• Analysts have mixed views on Rentokil Initial, with two ratings as "Buy", one as "Hold", and one as "Sell", resulting in a consensus rating of "Hold" and a target price of GBX 393.80.
• The company boasts a market cap of £11.42 billion, with notable financial ratios including a P/E ratio of 35.40 and a debt-to-equity ratio of 113.35, indicating a solid market presence but also significant leverage.

Rentokil Initial plc (LON:RTO - Get Free Report) was up 8.9% on Thursday . The company traded as high as GBX 480 ($6.41) and last traded at GBX 443.60 ($5.93). Approximately 203,165,516 shares changed hands during trading, an increase of 1,928% from the average daily volume of 10,020,492 shares. The stock had previously closed at GBX 407.30 ($5.44).

Wall Street Analysts Forecast Growth

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

Rentokil Initial Stock Up 11.5%

The company has a market cap of £11.42 billion, a P/E ratio of 35.40, a PEG ratio of 0.56 and a beta of 0.55. The stock's 50-day moving average price is GBX 376.41 and its 200-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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