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

Shares of Rentokil Initial plc (LON:RTOGet Rating) passed 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.

Wall Street Analysts Forecast Growth

RTO has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on Rentokil Initial from GBX 550 ($6.65) to GBX 600 ($7.25) and gave the company a “buy” rating in a research note on Wednesday, August 31st. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 645 ($7.79) price objective on shares of Rentokil Initial in a report on Wednesday, August 10th. Finally, JPMorgan Chase & Co. lifted their price objective on Rentokil Initial from GBX 600 ($7.25) to GBX 650 ($7.85) and gave the stock an “overweight” rating in a report on Thursday, August 25th. One 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 629.38 ($7.60).

Rentokil Initial Stock Performance

The stock has a 50-day simple moving average of GBX 530.04 and a 200-day simple moving average of GBX 512.57. The company has a debt-to-equity ratio of 264.09, a current ratio of 1.88 and a quick ratio of 1.76. The stock has a market cap of £9.29 billion and a PE ratio of 3,353.33.

Rentokil Initial Cuts Dividend

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

Rentokil Initial Company Profile

(Get Rating)

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.

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