Rentokil Initial (LON:RTO) Shares Climb 5.3% – Time to Buy?

Rentokil Initial plc (LON:RTO)’s stock price shot up 5.3% during mid-day trading on Thursday. The stock traded as high as GBX 344.70 and last traded at GBX 331. 22,289,227 shares changed hands during trading, a decline of 30% from the average session volume of 32,024,918 shares. The stock had previously closed at GBX 314.40.

Analyst Ratings Changes

Several equities analysts have recently issued reports on RTO shares. Royal Bank Of Canada restated an “outperform” rating and set a GBX 480 target price on shares of Rentokil Initial in a research report on Friday, September 18th. JPMorgan Chase & Co. reduced their price objective on shares of Rentokil Initial from GBX 477 to GBX 431 and set an “overweight” rating on the stock in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Rentokil Initial from GBX 465 to GBX 405 and set a “hold” rating for the company in a report on Monday, August 3rd. Citigroup lowered their target price on shares of Rentokil Initial from GBX 575 to GBX 550 and set a “buy” rating for the company in a research note on Friday, July 31st. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 370 price target on shares of Rentokil Initial in a research report on Friday, October 16th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Rentokil Initial presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 433.25.

Rentokil Initial Trading Up 5.3%

The company has a market cap of £8.33 billion, a P/E ratio of 17.55, a PEG ratio of 0.56 and a beta of 0.41. The company has a current ratio of 1.06, a quick ratio of 1.76 and a debt-to-equity ratio of 110.37. The business has a 50 day moving average price of GBX 325.99 and a 200-day moving average price of GBX 406.51.

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. 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.