Rentokil Initial (LON:RTO) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Rentokil Initial plc (LON:RTO) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 412.85 and traded as high as GBX 451. Rentokil Initial shares last traded at GBX 451, with a volume of 375,238,156 shares traded.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on RTO shares. Citigroup boosted their price objective on Rentokil Initial from GBX 470 to GBX 500 and gave the stock a “buy” rating in a research report on Friday, October 24th. Berenberg Bank lifted their target price on Rentokil Initial from GBX 284 to GBX 300 and gave the company a “sell” rating in a research note on Monday, November 3rd. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of GBX 411.

Rentokil Initial Stock Up 1.1%

The firm has a market cap of £11.34 billion, a price-to-earnings ratio of 35.14, a price-to-earnings-growth ratio of 0.56 and a beta of 0.55. The stock’s 50 day moving average is GBX 454.24 and its 200 day moving average is GBX 412.85. The company has a quick ratio of 1.76, a current ratio of 1.04 and a debt-to-equity ratio of 113.35.

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.