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

Rentokil Initial plc (LON:RTO) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-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 trading hands.

Wall Street Analysts Forecast Growth

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

Rentokil Initial Stock Performance

The stock has a market cap of £10.80 billion, a PE ratio of 23.16, a P/E/G ratio of 0.56 and a beta of 0.42. The company has a debt-to-equity ratio of 111.54, a current ratio of 1.16 and a quick ratio of 1.76. The stock has a 50-day simple moving average of GBX 470.13 and a 200-day simple moving average of GBX 462.11.

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.