Rentokil Initial (LON:RTO) Stock Crosses Above 200 Day Moving Average of $512.31

Rentokil Initial plc (LON:RTOGet Rating) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 512.31 ($6.19) and traded as high as GBX 517.20 ($6.25). Rentokil Initial shares last traded at GBX 517.20 ($6.25), with a volume of 3,678,806 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on RTO shares. JPMorgan Chase & Co. increased their price objective on shares of Rentokil Initial from GBX 600 ($7.25) to GBX 650 ($7.85) and gave the stock an “overweight” rating in a research note on Thursday, August 25th. Deutsche Bank Aktiengesellschaft lifted their price objective on Rentokil Initial from GBX 550 ($6.65) to GBX 600 ($7.25) and gave the company a “buy” rating in a report on Wednesday, August 31st. Finally, Royal Bank of Canada restated an “outperform” rating and set a GBX 645 ($7.79) price target on shares of Rentokil Initial in a research note on Wednesday, August 10th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Rentokil Initial presently has an average rating of “Moderate Buy” and an average price target of GBX 629.38 ($7.60).

Rentokil Initial Price Performance

The company has a quick ratio of 1.76, a current ratio of 1.88 and a debt-to-equity ratio of 264.09. The company’s 50-day simple moving average is GBX 530.04 and its 200 day simple moving average is GBX 512.57. The stock has a market capitalization of £9.29 billion and a price-to-earnings ratio of 3,353.33.

Rentokil Initial Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, September 12th. Shareholders of record on Thursday, August 4th were issued a dividend of GBX 2.40 ($0.03) per share. This represents a yield of 0.46%. The ex-dividend date of this dividend was Thursday, August 4th. Rentokil Initial’s dividend payout ratio is presently 42.60%.

About Rentokil Initial

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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 and residential customers.

Further Reading

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