Rentokil Initial (LON:RTO) Trading Down 19.5% – Time to Sell?

Rentokil Initial plc (LON:RTO)’s share price dropped 19.5% on Thursday . The company traded as low as GBX 344.60 and last traded at GBX 352. Approximately 63,397,602 shares traded hands during mid-day trading, an increase of 76% from the average daily volume of 35,922,750 shares. The stock had previously closed at GBX 437.13.

Analyst Ratings Changes

RTO has been the topic of several research analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 540 price objective on shares of Rentokil Initial in a report on Friday, June 5th. Jefferies Financial Group reissued a “buy” rating and set a GBX 550 target price on shares of Rentokil Initial in a report on Thursday, July 9th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Rentokil Initial presently has a consensus rating of “Moderate Buy” and an average target price of GBX 482.50.

Rentokil Initial Trading Down 19.5%

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 company has a fifty day moving average price of GBX 443.03 and a two-hundred day moving average price of GBX 462.13. The firm has a market capitalization of £8.86 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 0.56 and a beta of 0.43.

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.