Rentokil Initial (NYSE:RTO) Now Covered by JPMorgan Chase & Co.

Equities researchers at JPMorgan Chase & Co. began coverage on shares of Rentokil Initial (NYSE:RTO) in a report issued on Tuesday, StockNewsAPI reports. The brokerage set a “neutral” rating on the stock.

RTO has been the subject of several other research reports. BNP Paribas upgraded shares of Rentokil Initial from a “neutral” rating to an “outperform” rating in a report on Monday, March 18th. Bank of America downgraded shares of Rentokil Initial from a “buy” rating to a “neutral” rating and cut their price target for the company from $40.00 to $29.00 in a report on Wednesday, January 24th.

Rentokil Initial Price Performance

Shares of NYSE RTO opened at $26.80 on Tuesday. The company’s fifty day simple moving average is $28.95 and its 200 day simple moving average is $28.35. Rentokil Initial has a 12-month low of $23.39 and a 12-month high of $41.55.

Institutional Investors Weigh In On Rentokil Initial

A number of large investors have recently added to or reduced their stakes in RTO. Golden State Equity Partners purchased a new position in shares of Rentokil Initial during the 3rd quarter worth $202,000. Foresight Global Investors Inc. purchased a new position in Rentokil Initial during the third quarter valued at $1,277,000. Brown Advisory Inc. increased its position in Rentokil Initial by 3.2% in the third quarter. Brown Advisory Inc. now owns 3,802,886 shares of the company’s stock worth $140,897,000 after buying an additional 116,496 shares in the last quarter. Advisor Partners II LLC bought a new position in shares of Rentokil Initial in the third quarter worth about $240,000. Finally, Park Avenue Securities LLC lifted its position in shares of Rentokil Initial by 5.4% during the 3rd quarter. Park Avenue Securities LLC now owns 15,474 shares of the company’s stock valued at $573,000 after buying an additional 789 shares in the last quarter. Institutional investors own 9.91% of the company’s stock.

Rentokil Initial Company Profile

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.