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

Key Points

• Rentokil Initial's stock price rose above its 200-day moving average of GBX 356.57, closing at GBX 357.30, indicating a potential bullish trend.
• Analysts have a consensus "Buy" rating for Rentokil Initial with an average target price of GBX 435 following recent upgrades from Deutsche Bank and Royal Bank of Canada.
• Insider buying occurred as Sally Johnson acquired 3,567 shares at an average price of GBX 351, showcasing confidence in the company's performance.

Rentokil Initial plc (LON:RTO - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 356.57 ($4.81) and traded as high as GBX 358.65 ($4.84). Rentokil Initial shares last traded at GBX 357.30 ($4.82), with a volume of 10,803,993 shares trading hands.

Wall Street Analysts Forecast Growth

RTO has been the subject of several research analyst reports. JPMorgan Chase & Co. reiterated a "no recommendation" rating on shares of Rentokil Initial in a research note on Monday, August 11th. 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. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a GBX 440 price objective on shares of Rentokil Initial in a research note on Friday, August 1st. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Rentokil Initial has a consensus rating of "Buy" and a consensus price target of GBX 435.

Rentokil Initial Stock Performance

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 stock has a market cap of £9.14 billion, a P/E ratio of 23.41, a price-to-earnings-growth ratio of 0.56 and a beta of 0.55. The company's 50 day moving average price is GBX 357.92 and its 200-day moving average price is GBX 356.

Insider Activity

In other news, insider Sally Johnson bought 3,567 shares of Rentokil Initial stock in a transaction dated Monday, June 2nd. The stock was purchased at an average price of GBX 351 per share, for a total transaction of £12,520.17. 0.32% of the stock is currently owned by insiders.

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.