Rentokil Initial (LON:RTO) Trading Up 9.1% - Should You Buy?

Key Points

• Rentokil Initial shares rose by 9.1% on Thursday, trading at GBX 377.98 ($4.99) after previously closing at GBX 346.60 ($4.58), with a surge in trading volume.
• Deutsche Bank has increased its price target for Rentokil Initial from GBX 425 ($5.61) to GBX 435 ($5.75) and maintains a "buy" rating on the stock.
• Insider Sally Johnson purchased 3,567 shares at an average price of GBX 351 ($4.64), indicating confidence in the company's future performance.

Rentokil Initial plc (LON:RTO - Get Free Report) shares were 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). Approximately 13,367,716 shares changed hands during trading, an increase of 30% from the average daily volume of 10,266,272 shares. The stock had previously closed at GBX 346.60 ($4.58).

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft raised 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 research note on Monday, July 21st.

Rentokil Initial Stock Performance

The stock's 50 day moving average price is GBX 352.26 and its two-hundred day moving average price is GBX 359.56. The firm has a market capitalization of £9.47 billion, a PE ratio of 24.24, a PEG 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.

Insider Transactions at Rentokil Initial

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

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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