Rentokil Initial (LON:RTO) Stock Price Down 19.5% – Here’s Why

Shares of Rentokil Initial plc (LON:RTO) dropped 19.5% on Thursday . The stock traded as low as GBX 344.60 and last traded at GBX 352. 63,397,602 shares changed hands during trading, an increase of 76% from the average session volume of 35,922,750 shares. The stock had previously closed at GBX 437.13.

Analysts Set New Price Targets

Several research firms recently issued reports on RTO. Jefferies Financial Group restated a “buy” rating and set a GBX 550 price objective on shares of Rentokil Initial in a research report on Thursday, July 9th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 540 target price on shares of Rentokil Initial in a report on Friday, June 5th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 482.50.

Rentokil Initial Stock Performance

The firm’s 50 day moving average is GBX 443.03 and its two-hundred day moving average is GBX 462.13. The stock has a market capitalization of £8.86 billion, a PE ratio of 18.99, a P/E/G ratio of 0.56 and a beta of 0.43. The company has a debt-to-equity ratio of 111.54, a quick ratio of 1.76 and a current ratio of 1.16.

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. The company provides hygiene services, including the provision and maintenance of products, such as soap and hand sanitizer dispensers, hand dryers, air care and purification, cubicle and surface sanitizers, feminine hygiene units, toilet paper dispensers, and floor protection mats.