Rentokil Initial (LON:RTO) Stock Price Passes Above 200 Day Moving Average - What's Next?

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) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 352.19 ($4.75) and traded as high as GBX 367.40 ($4.95). Rentokil Initial shares last traded at GBX 362.50 ($4.88), with a volume of 8,307,283 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have commented on RTO. JPMorgan Chase & Co. reiterated a "no recommendation" rating on shares of Rentokil Initial in a research report on Monday, August 11th. Deutsche Bank Aktiengesellschaft upped their price target on Rentokil Initial from GBX 425 to GBX 435 and gave the company a "buy" rating in a research report on Monday, July 21st. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a GBX 440 price target on shares of Rentokil Initial in a research 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 an average price target of GBX 435.

Rentokil Initial Trading Down 1.4%

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 firm has a 50-day moving average of GBX 364.33 and a 200 day moving average of GBX 351.94. The company has a market cap of £9.12 billion, a P/E ratio of 2,824.73, a price-to-earnings-growth ratio of 0.56 and a beta of 0.55.

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.