Rentokil Initial plc (LON:RTO) Insider Acquires £30,975,000 in Stock

Rentokil Initial plc (LON:RTO - Get Free Report) insider Brian Baldwin bought 7,500,000 shares of the company's stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average cost of GBX 413 ($5.24) per share, for a total transaction of £30,975,000 ($39,263,531.50).

Rentokil Initial Price Performance

Shares of Rentokil Initial stock traded up GBX 14.61 ($0.19) on Friday, reaching GBX 413.51 ($5.24). 9,039,031 shares of the stock were exchanged, compared to its average volume of 10,463,725. The firm's 50 day moving average is GBX 385.81 and its 200-day moving average is GBX 426.28. Rentokil Initial plc has a one year low of GBX 336.30 ($4.26) and a one year high of GBX 517.60 ($6.56). The company has a debt-to-equity ratio of 116.58, a quick ratio of 1.76 and a current ratio of 1.04. The firm has a market cap of £10.38 billion, a PE ratio of 2,482.50, a P/E/G ratio of 0.56 and a beta of 0.55.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Rentokil Initial from GBX 550 ($6.97) to GBX 465 ($5.89) and set a "buy" rating on the stock in a research note on Thursday, September 12th.

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.