Rentokil Initial plc (LON:RTO) Insider Brian Baldwin Purchases 7,500,000 Shares of Stock

Rentokil Initial plc (LON:RTO) insider Brian Baldwin purchased 7,500,000 shares of Rentokil Initial stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average cost of GBX 413 ($5.21) per share, for a total transaction of £30,975,000 ($39,095,039.76).

Rentokil Initial Stock Performance

Shares of RTO stock opened at GBX 413.51 ($5.22) on Friday. The company has a current ratio of 1.04, a quick ratio of 1.76 and a debt-to-equity ratio of 116.58. The business’s fifty day simple moving average is GBX 385.81 and its 200-day simple moving average is GBX 426.28. Rentokil Initial plc has a 12-month low of GBX 336.30 ($4.24) and a 12-month high of GBX 517.60 ($6.53). The company has a market cap of £10.38 billion, a PE ratio of 2,482.50, a PEG ratio of 0.56 and a beta of 0.55.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reduced their price target on Rentokil Initial from GBX 550 ($6.94) to GBX 465 ($5.87) 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.