Rentokil Initial (LON:RTO) Trading 8.3% Higher After Analyst Upgrade

Rentokil Initial plc (LON:RTO)’s share price traded up 8.3% during mid-day trading on Friday after Citigroup raised their price target on the stock from GBX 470 to GBX 500. Citigroup currently has a buy rating on the stock. Rentokil Initial traded as high as GBX 480 ($6.39) and last traded at GBX 441.20 ($5.87). 19,834,004 shares were traded during trading, an increase of 117% from the average session volume of 9,130,533 shares. The stock had previously closed at GBX 407.30 ($5.42).

RTO has been the subject of a number of other research reports. UBS Group restated a “neutral” rating and issued a GBX 380 price objective on shares of Rentokil Initial in a research note on Friday, October 17th. Deutsche Bank Aktiengesellschaft upped their price objective on Rentokil Initial from GBX 425 to GBX 435 and gave the company a “buy” rating in a research note on Monday, July 21st. JPMorgan Chase & Co. restated a “no recommendation” rating on shares of Rentokil Initial in a research note on Monday, August 11th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 440 price objective on shares of Rentokil Initial in a research note on Friday, August 1st. Finally, Berenberg Bank reiterated a “sell” rating and set a GBX 284 price target on shares of Rentokil Initial in a research note on Monday, September 29th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of GBX 411.50.

Rentokil Initial Trading Up 0.2%

The firm has a fifty day simple moving average of GBX 379.37 and a two-hundred day simple moving average of GBX 361.26. The stock has a market cap of £11.12 billion, a PE ratio of 34.44, 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.

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.