Rentokil Initial (LON:RTO) Shares Pass Above 200-Day Moving Average - Here's Why

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 passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 353.39 ($4.82) and traded as high as GBX 379.10 ($5.17). Rentokil Initial shares last traded at GBX 375.40 ($5.12), with a volume of 3,285,981 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price target on Rentokil Initial from GBX 425 to GBX 435 and gave the company a "buy" rating in a research note on Monday, July 21st. JPMorgan Chase & Co. reiterated a "no recommendation" rating on shares of Rentokil Initial in a report on Monday, August 11th. Finally, 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. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of GBX 435.

Rentokil Initial Price Performance

The business's fifty day moving average price is GBX 362.81 and its 200-day moving average price is GBX 352.43. The company has a market capitalization of £9.23 billion, a P/E ratio of 2,860.57, a P/E/G ratio of 0.56 and a beta of 0.55. The company has a current ratio of 1.04, a quick ratio of 1.76 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.