Rentokil Initial (LON:RTO) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Rentokil Initial shares have surpassed their 200-day moving average for the first time, currently trading at GBX 378.50 ($5.09) after reaching a high of GBX 380.60 ($5.12).
• Analysts have raised their price targets for the stock, with Deutsche Bank now at GBX 435 ($5.85) and Royal Bank of Canada at GBX 440 ($5.92), maintaining strong 'buy' and 'outperform' ratings.
• Insider activity includes Sally Johnson acquiring 3,567 shares at an average price of GBX 351 ($4.72), indicating potential confidence in the company's future performance.

Rentokil Initial plc (LON:RTO - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 358.77 ($4.82) and traded as high as GBX 380.60 ($5.11). Rentokil Initial shares last traded at GBX 378.50 ($5.08), with a volume of 7,009,689 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. reissued a "no recommendation" rating on shares of Rentokil Initial in a research note on Monday. Deutsche Bank Aktiengesellschaft lifted their target price on Rentokil Initial from GBX 425 ($5.71) to GBX 435 ($5.84) and gave the company a "buy" rating in a research note on Monday, July 21st. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 440 ($5.91) target price on shares of Rentokil Initial in a research note on Friday, August 1st.

Rentokil Initial Trading Down 0.5%

The company has a debt-to-equity ratio of 113.35, a current ratio of 1.04 and a quick ratio of 1.76. The business has a 50 day moving average of GBX 354.52 and a 200 day moving average of GBX 358.45. The firm has a market capitalization of £9.36 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 0.56 and a beta of 0.55.

Insider Activity at Rentokil Initial

In related news, insider Sally Johnson acquired 3,567 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was acquired at an average cost of GBX 351 ($4.71) per share, with a total value of £12,520.17 ($16,816.88). 0.32% of the stock is currently owned by company 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.