Rentokil Initial PLC (RTO) – What Are Analysts Saying About This Stock?

Shares of Rentokil Initial PLC (NYSE:RTO) have been assigned a consensus rating of “Hold” from the thirteen brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $31.90.

Several brokerages have recently weighed in on RTO. The Goldman Sachs Group reiterated a “buy” rating on shares of Rentokil Initial in a research report on Monday, October 5th. Deutsche Bank reissued a “hold” rating on shares of Rentokil Initial in a report on Monday, August 3rd. Investec upgraded shares of Rentokil Initial to a “buy” rating in a research report on Wednesday, September 23rd. BNP Paribas Exane cut Rentokil Initial from an “outperform” rating to a “neutral” rating and set a $26.70 target price for the company. in a research report on Friday, July 31st. Finally, Wall Street Zen lowered Rentokil Initial from a “buy” rating to a “hold” rating in a research note on Monday, July 20th.

Rentokil Initial Price Performance

RTO traded up $0.14 on Friday, hitting $23.89. The company’s stock had a trading volume of 1,211,202 shares, compared to its average volume of 1,696,627. The company’s 50 day simple moving average is $21.90 and its 200-day simple moving average is $27.98. Rentokil Initial has a 12 month low of $19.50 and a 12 month high of $34.67. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 0.65.

Hedge Funds Weigh In On Rentokil Initial

A number of institutional investors have recently made changes to their positions in the stock. Janus Henderson Group PLC raised its position in Rentokil Initial by 3.0% during the first quarter. Janus Henderson Group PLC now owns 16,591,965 shares of the company’s stock valued at $522,329,000 after purchasing an additional 490,885 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Rentokil Initial by 60.7% in the 1st quarter. Bank of America Corp DE now owns 6,650,998 shares of the company’s stock worth $209,373,000 after purchasing an additional 2,511,135 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Rentokil Initial by 29.0% in the 1st quarter. Assetmark Inc. now owns 837,035 shares of the company’s stock worth $26,350,000 after purchasing an additional 188,190 shares in the last quarter. Liberty One Investment Management LLC raised its holdings in shares of Rentokil Initial by 7.7% during the 1st quarter. Liberty One Investment Management LLC now owns 625,994 shares of the company’s stock valued at $19,706,000 after buying an additional 44,823 shares in the last quarter. Finally, WCM Investment Management LLC lifted its position in Rentokil Initial by 30.1% in the 1st quarter. WCM Investment Management LLC now owns 276,216 shares of the company’s stock worth $8,444,000 after buying an additional 63,883 shares during the last quarter. Institutional investors own 9.91% of the company’s stock.

Rentokil Initial Company Profile

Rentokil Initial plc is a business services company specializing in pest control and hygiene services. It helps residential, commercial and industrial customers manage pests and maintain clean, hygienic environments. Its pest-control services address issues such as rodents and insects, while its hygiene business provides products and services including washroom supplies, hand-hygiene solutions and hygiene products for businesses. The company also offers related workplace services, including workwear and textile services in some markets.