Insider Buying: Rentokil Initial (LON:RTO) Insider Acquires 2,676 Shares of Stock

Rentokil Initial plc (LON:RTO) insider Sally Johnson purchased 2,676 shares of the stock in a transaction on Monday, March 16th. The stock was acquired at an average cost of GBX 483 per share, with a total value of £12,925.08.

Rentokil Initial Trading Up 0.6%

Shares of LON:RTO traded up GBX 2.80 on Tuesday, reaching GBX 482.70. 65,751,320 shares of the company traded hands, compared to its average volume of 42,509,445. The stock has a market capitalization of £12.14 billion, a P/E ratio of 37.61, a price-to-earnings-growth ratio of 0.56 and a beta of 0.49. The business’s 50-day simple moving average is GBX 461.51 and its 200 day simple moving average is GBX 425.55. The company has a current ratio of 1.16, a quick ratio of 1.76 and a debt-to-equity ratio of 111.54. Rentokil Initial plc has a 52 week low of GBX 306 and a 52 week high of GBX 493.90.

Analysts Set New Price Targets

RTO has been the subject of several recent research reports. Stifel Nicolaus reiterated a “hold” rating and issued a GBX 390 price objective on shares of Rentokil Initial in a research report on Thursday, March 5th. UBS Group upgraded shares of Rentokil Initial from a “neutral” rating to a “buy” rating and upped their price target for the company from GBX 430 to GBX 540 in a report on Thursday, March 12th. Finally, Jefferies Financial Group raised their price target on shares of Rentokil Initial from GBX 540 to GBX 550 and gave the stock a “buy” rating in a report on Tuesday, March 10th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Rentokil Initial presently has an average rating of “Moderate Buy” and a consensus price target of GBX 450.71.

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. 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.