Rentokil Initial (LON:RTO) Share Price Passes Above 200-Day Moving Average – Here’s Why

Rentokil Initial plc (LON:RTO) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 377.97 and traded as high as GBX 434.20. Rentokil Initial shares last traded at GBX 433.20, with a volume of 312,918,719 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on RTO shares. Berenberg Bank upped their price objective on Rentokil Initial from GBX 284 to GBX 300 and gave the company a “sell” rating in a report on Monday, November 3rd. UBS Group reaffirmed a “neutral” rating and issued a GBX 380 price target on shares of Rentokil Initial in a research note on Friday, October 17th. Finally, Citigroup raised their price objective on Rentokil Initial from GBX 470 to GBX 500 and gave the stock a “buy” rating in a research report on Friday, October 24th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of GBX 414.17.

Rentokil Initial Price Performance

The company has a market capitalization of £10.72 billion, a PE ratio of 33.21, a price-to-earnings-growth ratio of 0.56 and a beta of 0.55. 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 stock’s 50 day simple moving average is GBX 413.79 and its 200-day simple moving average is GBX 378.63.

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.