Rentokil Initial PLC (NYSE:RTO) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Rentokil Initial PLC (NYSE:RTO) have been assigned a consensus rating of “Moderate Buy” from the twelve analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $34.50.

A number of research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered Rentokil Initial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Zacks Research raised shares of Rentokil Initial from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. UBS Group raised shares of Rentokil Initial from a “neutral” rating to a “buy” rating in a research note on Thursday, March 12th. Wall Street Zen cut shares of Rentokil Initial from a “buy” rating to a “hold” rating in a research note on Sunday, April 5th. Finally, Oppenheimer lifted their price target on shares of Rentokil Initial from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Tuesday, March 10th.

Institutional Investors Weigh In On Rentokil Initial

A number of institutional investors have recently added to or reduced their stakes in RTO. Caitong International Asset Management Co. Ltd grew its stake in 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 acquiring an additional 802 shares during the period. GAMMA Investing LLC boosted its stake in shares of Rentokil Initial by 76.5% in the fourth quarter. GAMMA Investing LLC now owns 1,232 shares of the company’s stock worth $36,000 after acquiring an additional 534 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Rentokil Initial in the fourth quarter worth approximately $39,000. Smartleaf Asset Management LLC boosted its stake in shares of Rentokil Initial by 171.0% in the third quarter. Smartleaf Asset Management LLC now owns 1,726 shares of the company’s stock worth $43,000 after acquiring an additional 1,089 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its stake in shares of Rentokil Initial by 84.5% in the first quarter. V Square Quantitative Management LLC now owns 1,395 shares of the company’s stock worth $44,000 after acquiring an additional 639 shares during the last quarter. Institutional investors and hedge funds own 9.91% of the company’s stock.

Rentokil Initial Stock Up 0.5%

Rentokil Initial stock opened at $30.34 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.76. Rentokil Initial has a 52 week low of $22.72 and a 52 week high of $34.67. The business’s 50-day moving average price is $32.18 and its 200 day moving average price is $31.29.

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.