Rentokil Initial PLC (NYSE:RTO) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Rentokil Initial PLC (NYSE:RTO) have received an average rating of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $34.50.

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

Rentokil Initial Stock Performance

RTO stock opened at $30.34 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.76. Rentokil Initial has a 12-month low of $22.72 and a 12-month high of $34.67. The business’s fifty day moving average price is $32.18 and its 200 day moving average price is $31.29.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Clark Estates Inc. NY acquired a new position in Rentokil Initial during the 3rd quarter worth $8,332,000. Advisor OS LLC acquired a new position in shares of Rentokil Initial during the 3rd quarter worth about $1,014,000. Bleakley Financial Group LLC acquired a new position in shares of Rentokil Initial during the 3rd quarter worth about $1,132,000. Elwood Capital Partners LP boosted its position in shares of Rentokil Initial by 116.4% during the 3rd quarter. Elwood Capital Partners LP now owns 260,319 shares of the company’s stock worth $6,573,000 after acquiring an additional 140,000 shares in the last quarter. Finally, Klein Pavlis & Peasley Financial Inc. acquired a new position in shares of Rentokil Initial during the 4th quarter worth about $1,201,000. 9.91% of the stock is owned by institutional investors and hedge funds.

About Rentokil Initial

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.