Rentokil Initial (LON:RTO) Shares Pass Above Two Hundred Day Moving Average of $448.75

Rentokil Initial plc (LON:RTO)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 448.75 ($5.90) and traded as high as GBX 483.80 ($6.36). Rentokil Initial shares last traded at GBX 479.60 ($6.31), with a volume of 1,472,711 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RTO. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 500 ($6.57) price target on shares of Rentokil Initial in a research report on Tuesday, July 2nd. Royal Bank of Canada restated an “outperform” rating and set a GBX 570 ($7.50) price target on shares of Rentokil Initial in a research note on Wednesday, July 31st.

Rentokil Initial Price Performance

The company has a market cap of £12.04 billion, a price-to-earnings ratio of 2,997.50, a price-to-earnings-growth ratio of 0.84 and a beta of 0.54. The company has a quick ratio of 1.76, a current ratio of 1.04 and a debt-to-equity ratio of 116.58. The company has a fifty day simple moving average of GBX 468.20 and a two-hundred day simple moving average of GBX 448.75.

Rentokil Initial Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 8th will be paid a dividend of GBX 3.16 ($0.04) per share. This represents a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, August 8th. Rentokil Initial’s dividend payout ratio is currently 5,625.00%.

Insider Buying and Selling at Rentokil Initial

In other news, insider Sally Johnson acquired 2,493 shares of Rentokil Initial stock in a transaction dated Wednesday, June 26th. The shares were acquired at an average cost of GBX 462 ($6.07) per share, with a total value of £11,517.66 ($15,144.85). 1.10% of the stock is owned by company 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.