Rentokil Initial (LON:RTO) Stock Crosses Above 200-Day Moving Average – Here’s Why

Rentokil Initial plc (LON:RTO) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 430.42 and traded as high as GBX 467.60. Rentokil Initial shares last traded at GBX 461.80, with a volume of 14,945,346 shares.

Wall Street Analyst Weigh In

Several analysts have issued reports on RTO shares. UBS Group raised shares of Rentokil Initial from a “neutral” rating to a “buy” rating and upped their price target for the company from GBX 430 to GBX 540 in a report on Thursday, March 12th. Stifel Nicolaus restated a “hold” rating and set a GBX 390 price objective on shares of Rentokil Initial in a research report 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. Finally, Citigroup increased their target price on Rentokil Initial from GBX 550 to GBX 575 and gave the company a “buy” rating in a report on Monday, March 16th. Five investment 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, Rentokil Initial currently has an average rating of “Moderate Buy” and a consensus target price of GBX 461.43.

Rentokil Initial Stock Down 1.4%

The stock has a market cap of £11.61 billion, a price-to-earnings ratio of 35.99, a P/E/G ratio of 0.56 and a beta of 0.49. The company has a current ratio of 1.16, a quick ratio of 1.76 and a debt-to-equity ratio of 111.54. The firm’s 50 day moving average is GBX 462.20 and its two-hundred day moving average is GBX 430.42.

Insider Buying and Selling at Rentokil Initial

In other news, insider Sally Johnson acquired 2,676 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was acquired at an average price of GBX 483 per share, with a total value of £12,925.08. 2.82% of the stock is currently owned by corporate insiders.

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.