Rentokil Initial (LON:RTO) Shares Pass Above 200-Day Moving Average – Here’s Why

Rentokil Initial plc (LON:RTO)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 403.07 and traded as high as GBX 465.20. Rentokil Initial shares last traded at GBX 460.54, with a volume of 459,020,656 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms recently commented on RTO. Citigroup raised their price target on shares of Rentokil Initial from GBX 470 to GBX 500 and gave the company a “buy” rating in a report on Friday, October 24th. UBS Group reissued a “neutral” rating and issued a GBX 380 price target on shares of Rentokil Initial in a research report on Friday, October 17th. Finally, Berenberg Bank increased their price target on shares of Rentokil Initial from GBX 284 to GBX 300 and gave the company a “sell” rating in a report on Monday, November 3rd. Three 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of GBX 411.

Rentokil Initial Trading Down 1.8%

The company has a quick ratio of 1.76, a current ratio of 1.04 and a debt-to-equity ratio of 113.35. The firm has a market capitalization of £11.33 billion, a P/E ratio of 35.12, a PEG ratio of 0.56 and a beta of 0.55. The firm has a 50 day moving average of GBX 444.33 and a 200-day moving average of GBX 403.81.

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.