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

Key Points

• Rentokil Initial's shares crossed above their 200-day moving average, trading as high as GBX 365, indicating positive market momentum.
• Royal Bank Of Canada and Deutsche Bank both reaffirmed favorable ratings for the stock, with price targets set at GBX 440 and GBX 435 respectively.
• The company's market capitalization stands at £9.16 billion, and it currently holds a consensus rating of "Buy" among analysts.

Rentokil Initial plc (LON:RTO - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 354.88 ($4.79) and traded as high as GBX 365 ($4.92). Rentokil Initial shares last traded at GBX 362.90 ($4.90), with a volume of 2,789,109 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on RTO shares. Royal Bank Of Canada reissued an "outperform" rating and set a GBX 440 target price on shares of Rentokil Initial in a research report on Friday, August 1st. JPMorgan Chase & Co. reiterated a "no recommendation" rating on shares of Rentokil Initial in a research report on Monday, August 11th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Rentokil Initial from GBX 425 to GBX 435 and gave the company 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 company has a consensus rating of "Buy" and a consensus price target of GBX 435.

Rentokil Initial Stock Performance

The company has a market cap of £9.58 billion, a price-to-earnings ratio of 2,967.33, 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. The stock's 50 day moving average price is GBX 359.49 and its 200 day moving average price is GBX 353.41.

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.