Rentokil Initial (LON:RTO) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Rentokil Initial plc (LON:RTO) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 450.08 and traded as high as GBX 499.70. Rentokil Initial shares last traded at GBX 491.60, with a volume of 471,259,063 shares.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on RTO shares. Citigroup raised their target price on shares of Rentokil Initial from GBX 550 to GBX 575 and gave the stock a “buy” rating in a research note on Monday, March 16th. Stifel Nicolaus reissued a “hold” rating and issued a GBX 390 target price on shares of Rentokil Initial in a research note on Thursday, March 5th. Jefferies Financial Group raised their target price on shares of Rentokil Initial from GBX 540 to GBX 550 and gave the stock a “buy” rating in a research note on Tuesday, March 10th. Finally, UBS Group raised shares of Rentokil Initial from a “neutral” rating to a “buy” rating and raised their target price for the stock from GBX 430 to GBX 540 in a research note on Thursday, March 12th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 461.43.

Rentokil Initial Trading Down 0.4%

The company has a market cap of £12.37 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 0.56 and a beta of 0.41. The company has a quick ratio of 1.76, a current ratio of 1.16 and a debt-to-equity ratio of 111.54. The business has a 50-day simple moving average of GBX 476.13 and a 200-day simple moving average of GBX 450.08.

Insider Transactions at Rentokil Initial

In other news, insider Sally Johnson bought 2,676 shares of the business’s stock in a transaction on Monday, March 16th. The shares were bought at an average price of GBX 483 per share, with a total value of £12,925.08. 2.82% of the stock is currently owned by insiders.

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.