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

Key Points

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Rentokil Initial plc (LON:RTO - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 357.60 ($4.84) and traded as high as GBX 367.70 ($4.97). Rentokil Initial shares last traded at GBX 360.97 ($4.88), with a volume of 2,862,484 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. restated a "no recommendation" rating on shares of Rentokil Initial in a research note on Monday, August 11th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Rentokil Initial from GBX 425 to GBX 435 and gave the stock a "buy" rating in a research note on Monday, July 21st. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set 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, the company has an average rating of "Buy" and an average price target of GBX 435.

Rentokil Initial Trading Up 0.6%

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 stock has a market cap of £9.08 billion, a P/E ratio of 23.26, a PEG ratio of 0.56 and a beta of 0.55. The firm's 50-day simple moving average is GBX 357.04 and its 200 day simple moving average is GBX 357.06.

Insider Buying and Selling

In other news, insider Sally Johnson bought 3,567 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was purchased at an average price of GBX 351 per share, for a total transaction of £12,520.17. Company insiders own 0.32% of the company's stock.

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.