Rentokil Initial (LON:RTO) Stock Price Crosses Above 200-Day Moving Average - Here's What Happened

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) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 356.57 ($4.83) and traded as high as GBX 358.65 ($4.86). Rentokil Initial shares last traded at GBX 357.30 ($4.84), with a volume of 10,803,993 shares changing hands.

Analyst Ratings Changes

Several equities analysts have issued reports on RTO shares. JPMorgan Chase & Co. reissued a "no recommendation" rating on shares of Rentokil Initial in a research note on Monday, August 11th. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 440 price objective on shares of Rentokil Initial in a research note on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft boosted 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 investment analysts have rated the stock with a Buy rating, According to MarketBeat, Rentokil Initial currently has a consensus rating of "Buy" and an average target price of GBX 435.

Rentokil Initial Stock Down 1.2%

The company has a market capitalization of £9.07 billion, a PE ratio of 2,811.48, a price-to-earnings-growth ratio of 0.56 and a beta of 0.55. The firm's 50-day simple moving average is GBX 358.13 and its 200 day simple moving average is GBX 354.79. 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.