Rentokil Initial (LON:RTO) Stock Jumps 5.3% – Should You Buy?

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on RTO shares. Jefferies Financial Group reiterated a “buy” rating and set a GBX 370 price target on shares of Rentokil Initial in a report on Friday, October 16th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 480 price target on shares of Rentokil Initial in a research report on Friday, September 18th. JPMorgan Chase & Co. cut their price target on shares of Rentokil Initial from GBX 477 to GBX 431 and set an “overweight” rating on the stock in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 405 price objective on shares of Rentokil Initial in a research report on Friday. Finally, Citigroup lowered their price objective 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. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Rentokil Initial currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 433.25.

Rentokil Initial Stock Performance

The company has a quick ratio of 1.76, a current ratio of 1.06 and a debt-to-equity ratio of 110.37. The company has a market cap of £8.53 billion, a P/E ratio of 17.97, a P/E/G ratio of 0.56 and a beta of 0.41. The business has a fifty day moving average of GBX 325.34 and a 200 day moving average of GBX 404.94.

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.