Rentokil Initial (LON:RTO) Stock Price Passes Above 200-Day Moving Average of $451.92

Rentokil Initial plc (LON:RTO)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 451.92 ($5.63) and traded as high as GBX 452.70 ($5.64). Rentokil Initial shares last traded at GBX 446.90 ($5.56), with a volume of 6,759,328 shares traded.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada lifted their price target on shares of Rentokil Initial from GBX 575 ($7.16) to GBX 590 ($7.34) and gave the company an “outperform” rating in a research report on Tuesday, March 12th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Rentokil Initial has a consensus rating of “Moderate Buy” and a consensus target price of GBX 664.80 ($8.28).

Rentokil Initial Stock Up 1.1 %

The stock has a market capitalization of £11.26 billion, a PE ratio of 2,979.33, a P/E/G ratio of 0.79 and a beta of 0.54. The company has a current ratio of 1.05, a quick ratio of 1.76 and a debt-to-equity ratio of 116.93. The stock’s fifty day simple moving average is GBX 449.54 and its 200-day simple moving average is GBX 451.92.

Rentokil Initial Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be paid a dividend of GBX 5.93 ($0.07) per share. This represents a dividend yield of 1.38%. This is a boost from Rentokil Initial’s previous dividend of $2.75. The ex-dividend date of this dividend is Thursday, April 4th. Rentokil Initial’s payout ratio is presently 6,000.00%.

Insider Transactions at Rentokil Initial

In other news, insider Andy M. Ransom sold 464,245 shares of Rentokil Initial stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of GBX 489 ($6.09), for a total transaction of £2,270,158.05 ($2,826,040.15). Company insiders own 1.10% of the company’s stock.

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.