Rentokil Initial (LON:RTO) Shares Cross Above 200 Day Moving Average - Here's What Happened

Key Points

• Rentokil Initial plc shares have surpassed their 200-day moving average, reaching a trading high of GBX 367.40 ($4.95) before closing at GBX 362.50 ($4.88).
• Research firms like Deutsche Bank and Royal Bank of Canada have issued buy ratings for Rentokil, with price targets ranging from GBX 435 to GBX 440.
• The company maintains a strong financial position, evidenced by a quick ratio of 1.76 and a market capitalization of £9.12 billion.

Rentokil Initial plc (LON:RTO - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 352.19 ($4.76) and traded as high as GBX 367.40 ($4.97). Rentokil Initial shares last traded at GBX 362.50 ($4.90), with a volume of 8,307,283 shares changing hands.

Wall Street Analyst Weigh In

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

Rentokil Initial Stock Up 0.4%

The firm has a market cap of £9.06 billion, a P/E ratio of 2,807.58, a P/E/G ratio of 0.56 and a beta of 0.55. The firm's fifty day moving average is GBX 364.63 and its 200 day moving average is GBX 352.12. The company has a debt-to-equity ratio of 113.35, a quick ratio of 1.76 and a current ratio of 1.04.

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.