Rentokil Initial (LON:RTO) Stock Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Rentokil Initial shares crossed above their 200-day moving average, trading as high as GBX 376 ($5.02) while the last recorded price was GBX 362.38 ($4.84).
• Deutsche Bank raised Rentokil's target price from GBX 425 ($5.68) to GBX 435 ($5.81) and assigned a "buy" rating on the stock.
• Insider Sally Johnson acquired 3,567 shares at GBX 351 ($4.69) each, indicating a potential confidence in the company's future performance.

Rentokil Initial plc (LON:RTO - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 359.67 ($4.75) and traded as high as GBX 376 ($4.97). Rentokil Initial shares last traded at GBX 362.38 ($4.79), with a volume of 13,572,467 shares changing hands.

Analysts Set New Price Targets

Several brokerages recently commented on RTO. Deutsche Bank Aktiengesellschaft upped their price target on shares of Rentokil Initial from GBX 425 ($5.61) to GBX 435 ($5.75) and gave the stock a "buy" rating in a research report on Monday, July 21st. Royal Bank Of Canada reissued an "outperform" rating and set a GBX 440 ($5.81) price objective on shares of Rentokil Initial in a research note on Friday.

Rentokil Initial Trading Down 3.8%

The company has a market capitalization of £9.14 billion, a PE ratio of 23.41, a P/E/G ratio of 0.56 and a beta of 0.55. The company has a debt-to-equity ratio of 113.35, a quick ratio of 1.76 and a current ratio of 1.04. The business has a fifty day moving average price of GBX 352.87 and a 200 day moving average price of GBX 359.52.

Insider Transactions at Rentokil Initial

In other Rentokil Initial news, insider Sally Johnson purchased 3,567 shares of Rentokil Initial stock in a transaction on Monday, June 2nd. The shares were purchased at an average cost of GBX 351 ($4.64) per share, with a total value of £12,520.17 ($16,539.19). Company insiders own 0.32% 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.