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

Shares of Rentokil Initial plc (LON:RTO - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Royal Bank of Canada increased their target price 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. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 600 ($7.47) price objective on shares of Rentokil Initial in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Rentokil Initial currently has an average rating of "Moderate Buy" and a consensus target price of GBX 636.80 ($7.93).

Rentokil Initial Price Performance

The stock has a market cap of £10.41 billion, a PE ratio of 2,752.67, a price-to-earnings-growth ratio of 0.79 and a beta of 0.54. The stock's fifty day moving average is GBX 449.77 and its 200-day moving average is GBX 451.65. The company has a debt-to-equity ratio of 116.93, a current ratio of 1.05 and a quick ratio of 1.76.

Rentokil Initial Increases Dividend

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

Insider Transactions at Rentokil Initial

In other Rentokil Initial news, insider Andy M. Ransom sold 464,245 shares of the firm's 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). Insiders own 1.10% of the company's stock.

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.