Rentokil Initial (LON:RTO) Stock Price Up 8.5% - Still a Buy?

Rentokil Initial plc (LON:RTO - Get Free Report) shares rose 8.5% on Thursday . The company traded as high as GBX 375.41 ($4.90) and last traded at GBX 370 ($4.83). Approximately 450,334,563 shares changed hands during trading, an increase of 3,272% from the average daily volume of 13,353,860 shares. The stock had previously closed at GBX 341.10 ($4.45).

Analysts Set New Price Targets

RTO has been the subject of a number of research analyst reports. Royal Bank of Canada reiterated an "outperform" rating and set a GBX 570 ($7.44) price objective on shares of Rentokil Initial in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Rentokil Initial from GBX 550 ($7.18) to GBX 465 ($6.07) and set a "buy" rating for the company in a report on Thursday, September 12th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and set a GBX 500 ($6.53) target price on shares of Rentokil Initial in a research report on Tuesday, July 2nd.

Rentokil Initial Stock Up 8.7 %

The company has a current ratio of 1.04, a quick ratio of 1.76 and a debt-to-equity ratio of 116.58. The firm has a market cap of £9.31 billion, a PE ratio of 2,325.56, a P/E/G ratio of 0.56 and a beta of 0.55. The business's 50-day simple moving average is GBX 428.39 and its 200 day simple moving average is GBX 437.89.

Rentokil Initial Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, August 8th were given a dividend of GBX 3.16 ($0.04) per share. This represents a yield of 0.67%. The ex-dividend date was Thursday, August 8th. Rentokil Initial's dividend payout ratio (DPR) is 5,625.00%.

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.