Rentokil Initial (LON:RTO) Shares Pass Above 200 Day Moving Average – What’s Next?

Rentokil Initial plc (LON:RTO)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 413.58 ($5.21) and traded as high as GBX 427.20 ($5.38). Rentokil Initial shares last traded at GBX 424.70 ($5.35), with a volume of 7,131,304 shares trading hands.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lowered their price target on Rentokil Initial from GBX 440 ($5.54) to GBX 430 ($5.41) and set a “neutral” rating on the stock in a report on Tuesday, January 14th.

Rentokil Initial Trading Up 2.3 %

The stock has a fifty day moving average of GBX 394.48 and a 200 day moving average of GBX 413.58. The company has a debt-to-equity ratio of 113.35, a quick ratio of 1.76 and a current ratio of 1.04. The company has a market capitalization of £10.64 billion, a PE ratio of 27.24, a PEG ratio of 0.56 and a beta of 0.55.

Insider Buying and Selling

In other news, insider Brian Baldwin acquired 7,500,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average cost of GBX 413 ($5.20) per share, with a total value of £30,975,000 ($38,986,784.14). 0.32% of the stock is 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.