Rentokil Initial (LON:RTO) Hits New 52-Week High – Should You Buy?

Rentokil Initial plc (LON:RTO) shares reached a new 52-week high on Thursday . The stock traded as high as GBX 488.80 and last traded at GBX 488.80, with a volume of 58219488 shares traded. The stock had previously closed at GBX 467.30.

Analyst Ratings Changes

Several research firms recently issued reports on RTO. Jefferies Financial Group lifted their price objective on Rentokil Initial from GBX 540 to GBX 550 and gave the stock a “buy” rating in a report on Tuesday. Stifel Nicolaus restated a “hold” rating and issued a GBX 390 target price on shares of Rentokil Initial in a research report on Thursday, March 5th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of GBX 427.86.

Rentokil Initial Stock Performance

The company has a market cap of £12.32 billion, a price-to-earnings ratio of 38.17, a P/E/G 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 111.54. The stock’s fifty day simple moving average is GBX 459.16 and its 200 day simple moving average is GBX 422.41.

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.