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

Key Points

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Shares of Rentokil Initial plc (LON:RTO - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 357.60 ($4.83) 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 trading hands.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Royal Bank Of Canada reissued an "outperform" rating and set a GBX 440 ($5.94) target price on shares of Rentokil Initial in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft increased their target price on shares of Rentokil Initial from GBX 425 ($5.74) to GBX 435 ($5.88) and gave the company a "buy" rating in a research note on Monday, July 21st. Finally, JPMorgan Chase & Co. reissued a "no recommendation" rating on shares of Rentokil Initial in a research note on Monday, August 11th.

Rentokil Initial Price Performance

The stock's fifty day moving average price is GBX 356.21 and its 200-day moving average price is GBX 357.60. The company has a debt-to-equity ratio of 113.35, a current ratio of 1.04 and a quick ratio of 1.76. The firm has a market cap of £9.04 billion, a price-to-earnings ratio of 23.15, a price-to-earnings-growth ratio of 0.56 and a beta of 0.55.

Insider Activity

In other news, insider Sally Johnson purchased 3,567 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were acquired at an average price of GBX 351 ($4.74) per share, for a total transaction of £12,520.17 ($16,912.29). 0.32% of the stock is owned by corporate insiders.

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.

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