Rentokil Initial plc (NYSE:RTO) Receives $29.00 Consensus Price Target from Brokerages

Rentokil Initial plc (NYSE:RTO) has received a consensus rating of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $29.00.

Separately, Citigroup upgraded shares of Rentokil Initial to a “strong-buy” rating in a report on Friday, December 13th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of RTO. Zions Bancorporation N.A. increased its stake in shares of Rentokil Initial by 18.2% in the second quarter. Zions Bancorporation N.A. now owns 15,541 shares of the company’s stock worth $461,000 after purchasing an additional 2,392 shares during the period. Oppenheimer Asset Management Inc. increased its position in Rentokil Initial by 15.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 32,673 shares of the company’s stock worth $969,000 after buying an additional 4,378 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Rentokil Initial by 14.5% during the second quarter. Envestnet Asset Management Inc. now owns 799,364 shares of the company’s stock worth $23,701,000 after buying an additional 101,090 shares during the last quarter. SYSTM Wealth Solutions LLC boosted its position in shares of Rentokil Initial by 19.1% in the second quarter. SYSTM Wealth Solutions LLC now owns 4,736 shares of the company’s stock valued at $140,000 after acquiring an additional 759 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Rentokil Initial by 12.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 13,710 shares of the company’s stock worth $403,000 after acquiring an additional 1,477 shares during the last quarter. 9.91% of the stock is currently owned by institutional investors and hedge funds.

Rentokil Initial Stock Down 0.8 %

NYSE RTO opened at $23.82 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75. Rentokil Initial has a 12-month low of $22.40 and a 12-month high of $34.07. The company has a 50 day moving average price of $25.43 and a two-hundred day moving average price of $27.16.

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.