Rentokil Initial (LON:RTO) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Rentokil Initial plc (LON:RTO)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 403.07 and traded as high as GBX 465.20. Rentokil Initial shares last traded at GBX 460.54, with a volume of 459,020,656 shares.

Analysts Set New Price Targets

Several research analysts recently commented on RTO shares. Citigroup raised their price target on shares of Rentokil Initial from GBX 470 to GBX 500 and gave the company a “buy” rating in a report on Friday, October 24th. Berenberg Bank raised their target price on shares of Rentokil Initial from GBX 284 to GBX 300 and gave the company a “sell” rating in a research note on Monday, November 3rd. Finally, UBS Group reaffirmed a “neutral” rating and set a GBX 380 price target on shares of Rentokil Initial in a research report on Friday, October 17th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 411.

Rentokil Initial Price Performance

The company has a market cap of £11.36 billion, a price-to-earnings ratio of 35.20, a P/E/G ratio of 0.56 and a beta of 0.55. The company’s 50-day simple moving average is GBX 443.42 and its 200-day simple moving average is GBX 403.07. The company has a debt-to-equity ratio of 113.35, a current ratio of 1.04 and a quick ratio of 1.76.

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. The company provides hygiene services, including the provision and maintenance of products, such as soap and hand sanitizer dispensers, hand dryers, air care and purification, cubicle and surface sanitizers, feminine hygiene units, toilet paper dispensers, and floor protection mats.