Rentokil Initial (LON:RTO) share price is above the 200 day moving average of $445.23

VaselineAugust 24, 2024

0 2 minutes read

Shares of Rentokil Initial plc (LON:RTO – Get Your Free Report ) broke above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 445.23 ($5.79) and traded as high as GBX 502.40 ($6.53). Shares of Rentokil Initial last traded at GBX 483.60 ($6.28), with a volume of 7,367,318 shares traded.

Analyst upgrades and downgrades

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 500 ($6.50) target price on shares of Rentokil Initial in a research note on Tuesday, July 2nd. Royal Bank of Canada restated an “outperform” rating and issued a GBX 570 ($7.41) target price on shares of Rentokil Initial in a report on Wednesday, July 31st.

Check out our latest analysis on RTOs

Rentokil Initial Trading Down 0.5%

Want more great investment ideas?

The company has a 50 day moving average price of GBX 465.13 and a two hundred day moving average price of GBX 445.23. The stock has a market cap of £12.14 billion, a P/E ratio of 3,022.50, a P/E/G ratio of 0.84 and a beta of 0.54. The company has a current ratio of 1.04, a quick ratio of 1.76, and a debt-to-equity ratio of 116.58.

Rentokil cuts initial dividends

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

Indoor activity

In other news, insider Sally Johnson purchased 2,493 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The shares were purchased at an average cost of GBX 462 ($6.00) per share, with a total value of GBX 11,517.66 ($14,965.77). Insiders hold 1.10% of the company’s shares.

Initial profile of the Rentokil company

(Get a free report)

Rentokil Initial plc, together with its subsidiaries, provides route-based services in North America, the United Kingdom, the rest of Europe, Asia Pacific and internationally. Provides a wide range of pest control services for rodents and flying and crawling insects, as well as other forms of wildlife management for commercial clients.