Rentokil Initial (LON:RTO) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Rentokil Initial's share price has recently crossed above its 200-day moving average of GBX 353.39, reaching a high of GBX 379.10 during trading.
• Analysts have expressed a favorable outlook on the stock, with Royal Bank Of Canada targeting a price of GBX 440 and Deutsche Bank raising its price target to GBX 435, both maintaining positive ratings.
• The stock has an average rating of "Buy" according to MarketBeat, indicating strong investor interest and potential for growth.

Rentokil Initial plc (LON:RTO - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 353.39 ($4.80) and traded as high as GBX 379.10 ($5.15). Rentokil Initial shares last traded at GBX 375.40 ($5.10), with a volume of 3,285,981 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Royal Bank Of Canada restated an "outperform" rating and set a GBX 440 price target on shares of Rentokil Initial in a report on Friday, August 1st. JPMorgan Chase & Co. reiterated a "no recommendation" rating on shares of Rentokil Initial in a report on Monday, August 11th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Rentokil Initial from GBX 425 to GBX 435 and gave the stock a "buy" rating in a report on Monday, July 21st. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of GBX 435.

Rentokil Initial Stock Performance

The firm's fifty day moving average price is GBX 361.52 and its 200-day moving average price is GBX 353.39. The company has a current ratio of 1.04, a quick ratio of 1.76 and a debt-to-equity ratio of 113.35. The company has a market cap of £9.42 billion, a P/E ratio of 2,919.01, a P/E/G ratio of 0.56 and a beta of 0.55.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.