Rentokil Initial (LON:RTO) Share Price Crosses Below 200 Day Moving Average – Here’s Why

Rentokil Initial plc (LON:RTO)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 462.11 and traded as low as GBX 424.60. Rentokil Initial shares last traded at GBX 429.30, with a volume of 2,141,744,750 shares changing hands.

Analyst Ratings Changes

Several research analysts recently commented on the company. Citigroup boosted their target price on Rentokil Initial from GBX 550 to GBX 575 and gave the stock a “buy” rating in a research note on Monday, March 16th. Stifel Nicolaus reiterated a “hold” rating and issued a GBX 390 price objective on shares of Rentokil Initial in a research note on Thursday, March 5th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 540 price objective on shares of Rentokil Initial in a research report on Friday, June 5th. Jefferies Financial Group raised their target price on shares of Rentokil Initial from GBX 540 to GBX 550 and gave the company a “buy” rating in a report on Tuesday, March 10th. Finally, UBS Group upgraded shares of Rentokil Initial from a “neutral” rating to a “buy” rating and lifted their price target for the stock from GBX 430 to GBX 540 in a research note on Thursday, March 12th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 475.71.

Rentokil Initial Price Performance

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’s 50 day moving average price is GBX 467.60 and its 200 day moving average price is GBX 462.24. The company has a market cap of £11.02 billion, a price-to-earnings ratio of 23.63, a PEG ratio of 0.56 and a beta of 0.84.

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.