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

Rentokil Initial PLC (NYSE:RTO) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company.

A number of brokerages have recently issued reports on RTO. Berenberg Bank raised shares of Rentokil Initial to a “strong sell” rating in a research report on Monday, September 29th. Zacks Research raised shares of Rentokil Initial from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Rentokil Initial in a report on Monday, July 21st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Rentokil Initial in a report on Wednesday, October 8th. Finally, Jefferies Financial Group raised shares of Rentokil Initial to a “strong-buy” rating in a report on Wednesday, October 8th.

Rentokil Initial Price Performance

Shares of RTO stock opened at $27.71 on Tuesday. Rentokil Initial has a 1 year low of $19.60 and a 1 year high of $30.10. The firm has a fifty day moving average price of $26.02 and a 200-day moving average price of $24.55.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Gates Capital Management Inc. boosted its holdings in Rentokil Initial by 5.7% in the 1st quarter. Gates Capital Management Inc. now owns 6,615,305 shares of the company’s stock worth $151,490,000 after buying an additional 357,292 shares during the period. Voss Capital LP lifted its stake in Rentokil Initial by 12.4% in the 1st quarter. Voss Capital LP now owns 3,471,946 shares of the company’s stock worth $79,508,000 after purchasing an additional 381,659 shares in the last quarter. Sunriver Management LLC lifted its stake in Rentokil Initial by 115.5% in the 2nd quarter. Sunriver Management LLC now owns 2,057,126 shares of the company’s stock worth $49,371,000 after purchasing an additional 1,102,353 shares in the last quarter. Bank of America Corp DE lifted its stake in Rentokil Initial by 143.5% in the 2nd quarter. Bank of America Corp DE now owns 1,821,709 shares of the company’s stock worth $43,721,000 after purchasing an additional 1,073,471 shares in the last quarter. Finally, Alberta Investment Management Corp lifted its stake in Rentokil Initial by 36.8% in the 1st quarter. Alberta Investment Management Corp now owns 1,794,900 shares of the company’s stock worth $41,103,000 after purchasing an additional 482,429 shares in the last quarter. 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.