Rentokil Initial (LON:RTO) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Rentokil Initial plc (LON:RTO)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 408.98 and traded as high as GBX 469.10. Rentokil Initial shares last traded at GBX 460, with a volume of 10,710,912 shares traded.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Citigroup increased their target price on shares of Rentokil Initial from GBX 470 to GBX 500 and gave the stock a “buy” rating in a report on Friday, October 24th. Berenberg Bank upped their price target on Rentokil Initial from GBX 284 to GBX 300 and gave the company a “sell” rating in a research report on Monday, November 3rd. Finally, UBS Group reiterated a “neutral” rating and issued a GBX 380 price objective on shares of Rentokil Initial in a research report on Friday, October 17th. Three investment 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.com, the company presently has an average rating of “Hold” and an average price target of GBX 411.

Rentokil Initial Price Performance

The firm has a market cap of £11.57 billion, a PE ratio of 35.84, a price-to-earnings-growth ratio of 0.56 and a beta of 0.55. The company has a debt-to-equity ratio of 113.35, a current ratio of 1.04 and a quick ratio of 1.76. The firm has a 50-day simple moving average of GBX 450.33 and a 200 day simple moving average of GBX 408.98.

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.