Rentokil Initial (NYSE:RTO) Lowered to Hold Rating by Wall Street Zen

Rentokil Initial (NYSE:RTO) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Sunday.

A number of other equities research analysts have also recently commented on the company. Oppenheimer lifted their price objective on Rentokil Initial from $30.00 to $35.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 10th. Rothschild & Co Redburn upgraded Rentokil Initial from a “sell” rating to a “neutral” rating in a report on Wednesday, March 11th. Morgan Stanley upgraded Rentokil Initial from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft cut Rentokil Initial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, Bank of America upgraded shares of Rentokil Initial from a “neutral” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.50.

Rentokil Initial Trading Up 0.0%

Shares of Rentokil Initial stock opened at $32.79 on Friday. The firm has a fifty day moving average of $31.56 and a two-hundred day moving average of $29.31. Rentokil Initial has a 52 week low of $19.60 and a 52 week high of $33.47.

Hedge Funds Weigh In On Rentokil Initial

Large investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its stake in shares of Rentokil Initial by 222.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,163 shares of the company’s stock valued at $34,000 after purchasing an additional 802 shares during the period. GAMMA Investing LLC grew its holdings in shares of Rentokil Initial by 76.5% during the fourth quarter. GAMMA Investing LLC now owns 1,232 shares of the company’s stock worth $36,000 after buying an additional 534 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Rentokil Initial in the 4th quarter valued at approximately $39,000. Smartleaf Asset Management LLC raised its position in Rentokil Initial by 171.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,726 shares of the company’s stock valued at $43,000 after buying an additional 1,089 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Rentokil Initial by 296.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,954 shares of the company’s stock valued at $58,000 after acquiring an additional 1,461 shares in the last quarter. Institutional investors own 9.91% of the company’s stock.

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.