Rentokil Initial (LON:RTO) Trading Up 10.5% – Here’s What Happened

Shares of Rentokil Initial plc (LON:RTO) traded up 10.5% during mid-day trading on Thursday . The company traded as high as GBX 470.18 and last traded at GBX 470.18. 248,820,844 shares were traded during mid-day trading, an increase of 561% from the average session volume of 37,628,828 shares. The stock had previously closed at GBX 425.50.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus restated a “hold” rating and issued a GBX 390 price objective on shares of Rentokil Initial in a report on Thursday. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of GBX 407.50.

Rentokil Initial Trading Down 0.8%

The stock’s fifty day moving average price is GBX 458.26 and its 200 day moving average price is GBX 419.97. The stock has a market cap of £11.76 billion, a P/E ratio of 36.44, a PEG ratio of 0.56 and a beta of 0.49. The company has a current ratio of 1.16, a quick ratio of 1.76 and a debt-to-equity ratio of 35.92.

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.