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

Rentokil Initial plc (NYSE:RTO) has earned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $29.00.

A number of research firms recently issued reports on RTO. Citigroup raised Rentokil Initial to a “strong-buy” rating in a research note on Friday, December 13th. Redburn Atlantic downgraded shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a research report on Thursday, September 19th.

Hedge Funds Weigh In On Rentokil Initial

Hedge funds have recently made changes to their positions in the business. Rothschild Investment LLC bought a new stake in shares of Rentokil Initial in the second quarter worth $29,000. Valley Wealth Managers Inc. acquired a new position in shares of Rentokil Initial during the 3rd quarter worth about $29,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Rentokil Initial by 403.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,052 shares of the company’s stock valued at $31,000 after acquiring an additional 843 shares in the last quarter. Assetmark Inc. acquired a new stake in shares of Rentokil Initial in the third quarter valued at about $36,000. Finally, Sunbelt Securities Inc. bought a new stake in Rentokil Initial during the second quarter worth about $40,000. 9.91% of the stock is owned by institutional investors.

Rentokil Initial Stock Down 0.1 %

Shares of Rentokil Initial stock opened at $25.30 on Thursday. The company has a market capitalization of $12.77 billion, a P/E ratio of 17.94, a price-to-earnings-growth ratio of 7.23 and a beta of 1.08. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96. The business has a 50-day moving average of $25.68 and a two-hundred day moving average of $27.77. Rentokil Initial has a 1 year low of $22.40 and a 1 year high of $34.07.

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.