Rentokil Initial (LON:RTO) Shares Cross Above 200 Day Moving Average – Time to Sell?

Shares of 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 430.42 and traded as high as GBX 467.60. Rentokil Initial shares last traded at GBX 461.80, with a volume of 14,945,346 shares trading hands.

Analysts Set New Price Targets

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

Rentokil Initial Trading Down 0.5%

The company has a debt-to-equity ratio of 111.54, a quick ratio of 1.76 and a current ratio of 1.16. The company has a market capitalization of £11.54 billion, a price-to-earnings ratio of 35.77, a price-to-earnings-growth ratio of 0.56 and a beta of 0.49. The firm has a fifty day moving average price of GBX 462.16 and a 200-day moving average price of GBX 430.97.

Insider Transactions at Rentokil Initial

In other news, insider Sally Johnson acquired 2,676 shares of Rentokil Initial stock in a transaction on Monday, March 16th. The shares were purchased at an average cost of GBX 483 per share, for a total transaction of £12,925.08. 2.82% of the stock is owned by insiders.

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. 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.