Rentokil Initial (LON:RTO) Trading Up 9.1% - Here's What Happened

Key Points

• Shares of Rentokil Initial surged by 9.1%, trading at GBX 377.98, following a notable increase in volume by 30% compared to the average session.
• Deutsche Bank has raised its target price for Rentokil Initial from GBX 425 to GBX 435, maintaining a "buy" rating on the stock.
• Company insider Sally Johnson purchased 3,567 shares at GBX 351 each, indicating confidence in the company's future performance.

Shares of Rentokil Initial plc (LON:RTO - Get Free Report) rose 9.1% on Thursday . The stock traded as high as GBX 387.30 ($5.14) and last traded at GBX 377.98 ($5.02). Approximately 13,367,716 shares were traded during mid-day trading, an increase of 30% from the average daily volume of 10,266,272 shares. The stock had previously closed at GBX 346.60 ($4.60).

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on RTO shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Rentokil Initial from GBX 425 ($5.64) to GBX 435 ($5.78) and gave the company a "buy" rating in a research note on Monday, July 21st. Royal Bank Of Canada reissued an "outperform" rating and set a GBX 440 ($5.84) target price on shares of Rentokil Initial in a research report on Friday.

Rentokil Initial Price Performance

The company has a market capitalization of £8.87 billion, a price-to-earnings ratio of 22.71, a price-to-earnings-growth ratio of 0.56 and a beta of 0.55. The company has a debt-to-equity ratio of 113.35, a current ratio of 1.04 and a quick ratio of 1.76. The business has a fifty day moving average price of GBX 353.10 and a 200 day moving average price of GBX 359.12.

Insider Buying and Selling at Rentokil Initial

In other Rentokil Initial news, insider Sally Johnson bought 3,567 shares of the stock in a transaction on Monday, June 2nd. The shares were purchased at an average price of GBX 351 ($4.66) per share, with a total value of £12,520.17 ($16,624.84). 0.32% of the stock is owned by company insiders.

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.