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

Rentokil Initial plc (LON:RTO) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 394.29 and traded as high as GBX 470.10. Rentokil Initial shares last traded at GBX 463.80, with a volume of 1,611,767,375 shares.

Analyst Upgrades and Downgrades

RTO has been the topic of a number of recent research reports. Citigroup lifted their price target on shares of Rentokil Initial from GBX 470 to GBX 500 and gave the company a “buy” rating in a research report on Friday, October 24th. UBS Group reissued a “neutral” rating and issued a GBX 380 target price on shares of Rentokil Initial in a research note on Friday, October 17th. Finally, Berenberg Bank upped their price target on shares of Rentokil Initial from GBX 284 to GBX 300 and gave the stock a “sell” rating in a research report on Monday, November 3rd. Three research 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 411.

Rentokil Initial Trading Down 0.5%

The firm has a market capitalization of £11.61 billion, a price-to-earnings ratio of 35.98, a PEG ratio of 0.56 and a beta of 0.55. The business’s 50-day moving average price is GBX 429.70 and its 200 day moving average price is GBX 394.29. The company has a debt-to-equity ratio of 113.35, a current ratio of 1.04 and a quick ratio of 1.76.

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.