Rentokil Initial PLC (NYSE:RTO) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Rentokil Initial PLC (NYSE:RTO) have been given a consensus rating of “Moderate Buy” by the eight analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, three have assigned a buy recommendation and two have issued a strong buy recommendation on the company.

Several research firms have recently weighed in on RTO. Jefferies Financial Group raised shares of Rentokil Initial to a “strong-buy” rating in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Rentokil Initial from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of Rentokil Initial in a research note on Wednesday, October 8th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Rentokil Initial in a report on Friday, November 21st. Finally, Sanford C. Bernstein raised Rentokil Initial from an “underperform” rating to an “outperform” rating in a report on Tuesday, October 7th.

Rentokil Initial Trading Up 2.5%

Shares of RTO opened at $28.41 on Friday. Rentokil Initial has a one year low of $19.60 and a one year high of $30.10. The stock has a 50 day moving average price of $26.99 and a 200 day moving average price of $25.14.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers lifted its holdings in shares of Rentokil Initial by 27.5% during the first quarter. Cetera Investment Advisers now owns 41,646 shares of the company’s stock worth $954,000 after purchasing an additional 8,985 shares during the period. Wealthquest Corp purchased a new position in Rentokil Initial during the 1st quarter worth $66,000. Alberta Investment Management Corp raised its position in Rentokil Initial by 36.8% during the 1st quarter. Alberta Investment Management Corp now owns 1,794,900 shares of the company’s stock worth $41,103,000 after buying an additional 482,429 shares during the last quarter. ABC Arbitrage SA acquired a new stake in shares of Rentokil Initial in the 1st quarter worth $1,201,000. Finally, Exencial Wealth Advisors LLC boosted its holdings in shares of Rentokil Initial by 3.3% in the first quarter. Exencial Wealth Advisors LLC now owns 44,985 shares of the company’s stock valued at $1,030,000 after acquiring an additional 1,453 shares in the last quarter. Hedge funds and other 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.