Rentokil Initial (LON:RTO) Reaches New 52-Week Low – What’s Next?

Rentokil Initial plc (LON:RTO) shares hit a new 52-week low during trading on Friday . The stock traded as low as GBX 344.60 and last traded at GBX 352, with a volume of 63397602 shares. The stock had previously closed at GBX 437.13.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on RTO shares. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 540 target price on shares of Rentokil Initial in a report on Friday, June 5th. Jefferies Financial Group restated a “buy” rating and issued a GBX 550 target price on shares of Rentokil Initial in a research note 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 482.50.

Rentokil Initial Stock Performance

The company has a market capitalization of £9.02 billion, a PE ratio of 19.34, a PEG ratio of 0.56 and a beta of 0.43. The business’s 50-day moving average is GBX 440.76 and its 200-day moving average is GBX 461.29. The company has a debt-to-equity ratio of 111.54, a quick ratio of 1.76 and a current ratio of 1.16.

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.