Rentokil Initial (LON:RTO) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Rentokil Initial's share price recently crossed above its 200-day moving average of GBX 357.36, reaching a high of GBX 406.60.
• Analysts have mixed opinions, with Berenberg Bank maintaining a "sell" rating at a price target of GBX 284, while Deutsche Bank upgraded its target to GBX 435 and rated it a "buy."
• The company's market capitalization stands at £10.20 billion, with a current ratio of 1.04 and a debt-to-equity ratio of 113.35.

Rentokil Initial plc (LON:RTO - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 357.36 ($4.79) and traded as high as GBX 406.60 ($5.45). Rentokil Initial shares last traded at GBX 405.60 ($5.44), with a volume of 531,064,813 shares.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Berenberg Bank reaffirmed a "sell" rating and set a GBX 284 price objective on shares of Rentokil Initial in a report on Monday, September 29th. 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 objective on shares of Rentokil Initial from GBX 425 to GBX 435 and gave the stock a "buy" rating in a report on Monday, July 21st. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 440 price target on shares of Rentokil Initial in a report on Friday, August 1st. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of GBX 397.25.

Rentokil Initial Stock Performance

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 business's 50 day moving average is GBX 373.67 and its 200 day moving average is GBX 357.36. The stock has a market capitalization of £10.20 billion, a PE ratio of 3,160.58, a PEG ratio of 0.56 and a beta of 0.55.

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.

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