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

Rentokil Initial plc (LON:RTO) insider Brian Baldwin bought 7,500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were purchased at an average price of GBX 413 ($5.24) per share, for a total transaction of £30,975,000 ($39,263,531.50).

Rentokil Initial Stock Up 4.0 %

Shares of RTO opened at GBX 414.67 ($5.26) on Friday. The firm has a market cap of £10.41 billion, a PE ratio of 2,519.13, a price-to-earnings-growth ratio of 0.56 and a beta of 0.55. The company’s fifty day moving average is GBX 385.14 and its two-hundred day moving average is GBX 426.31. Rentokil Initial plc has a fifty-two week low of GBX 336.30 ($4.26) and a fifty-two week high of GBX 517.60 ($6.56). The company has a quick ratio of 1.76, a current ratio of 1.04 and a debt-to-equity ratio of 116.58.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft decreased their target price 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 report on Thursday, September 12th.

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.