Rentokil Initial PLC (NYSE:RTO) Receives Consensus Rating of “Hold” from Brokerages

Shares of Rentokil Initial PLC (NYSE:RTO) have been given an average rating of “Hold” by the ten research firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $34.00.

Several brokerages have issued reports on RTO. Bank of America upgraded Rentokil Initial from a “neutral” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Thursday, December 18th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Rentokil Initial in a report on Thursday, January 22nd. Rothschild & Co Redburn lowered Rentokil Initial from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Morgan Stanley upgraded Rentokil Initial from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 6th. Finally, Zacks Research downgraded Rentokil Initial from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 4th.

Rentokil Initial Stock Down 0.3%

Shares of NYSE:RTO opened at $31.90 on Monday. The company has a current ratio of 1.12, a quick ratio of 1.03 and a debt-to-equity ratio of 0.79. Rentokil Initial has a 12 month low of $19.60 and a 12 month high of $33.46. The firm’s 50-day moving average is $31.35 and its 200 day moving average is $28.38.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Liberty One Investment Management LLC purchased a new position in Rentokil Initial in the 3rd quarter worth about $39,946,000. QVIDTVM Management LLC grew its stake in Rentokil Initial by 669.1% in the 3rd quarter. QVIDTVM Management LLC now owns 1,704,486 shares of the company’s stock worth $43,038,000 after acquiring an additional 1,482,865 shares in the last quarter. Summitry LLC purchased a new position in shares of Rentokil Initial during the second quarter worth approximately $27,539,000. Sunriver Management LLC increased its position in shares of Rentokil Initial by 115.5% during the second quarter. Sunriver Management LLC now owns 2,057,126 shares of the company’s stock worth $49,371,000 after acquiring an additional 1,102,353 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Rentokil Initial by 143.5% during the second quarter. Bank of America Corp DE now owns 1,821,709 shares of the company’s stock valued at $43,721,000 after acquiring an additional 1,073,471 shares in the last quarter. 9.91% of the stock is currently owned by institutional investors.

Rentokil Initial Company Profile

Rentokil Initial PLC is a global business services company specializing in pest control, hygiene and workwear services. Headquartered in Crawley, West Sussex, United Kingdom, the company delivers outsourced solutions designed to protect people, preserve assets and enhance workplaces for both commercial and residential customers.

Under the Rentokil Pest Control brand, the company offers services ranging from routine inspections and treatment of insects, rodents and birds to specialised programmes for food manufacturing and healthcare environments.