Rentokil Initial (LON:RTO) Stock Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Rentokil Initial's stock price surpassed its 200-day moving average, trading as high as GBX 369.10, indicating potential positive market momentum.
• Wall Street analysts are optimistic, with Deutsche Bank raising its target price for the stock to GBX 435 and maintaining a "buy" rating.
• Rentokil Initial has a market capitalization of £9.32 billion and an average rating of "Buy" from analysts based on its performance and financial metrics.

Rentokil Initial plc (LON:RTO - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 353.35 ($4.75) and traded as high as GBX 369.10 ($4.96). Rentokil Initial shares last traded at GBX 366.60 ($4.92), with a volume of 4,793,226 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently commented on RTO. Deutsche Bank Aktiengesellschaft raised their target price on Rentokil Initial from GBX 425 to GBX 435 and gave the company a "buy" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. reiterated a "no recommendation" rating on shares of Rentokil Initial in a research report on Monday, August 11th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 440 price target on shares of Rentokil Initial in a research report on Friday, August 1st. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Rentokil Initial has an average rating of "Buy" and an average target price of GBX 435.

Rentokil Initial Trading Up 1.1%

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 firm has a market capitalization of £9.32 billion, a P/E ratio of 2,887.07, a price-to-earnings-growth ratio of 0.56 and a beta of 0.55. The firm has a 50 day moving average price of GBX 366.03 and a two-hundred day moving average price of GBX 353.35.

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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