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

Shares of Rentokil Initial plc (NYSE:RTO) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $29.00.

Several research firms recently weighed in on RTO. Citigroup upgraded shares of Rentokil Initial to a “strong-buy” rating in a research report on Friday, December 13th. Redburn Atlantic lowered Rentokil Initial from a “buy” rating to a “neutral” rating in a research note on Thursday, September 19th.

Rentokil Initial Trading Down 0.1 %

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

Institutional Investors Weigh In On Rentokil Initial

Institutional investors have recently made changes to their positions in the stock. Rothschild Investment LLC bought a new position in Rentokil Initial during the second quarter worth about $29,000. Northwestern Mutual Wealth Management Co. raised its position 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 during the period. Valley Wealth Managers Inc. bought a new position in Rentokil Initial during the 3rd quarter worth approximately $29,000. Sunbelt Securities Inc. acquired a new position in Rentokil Initial during the second quarter valued at approximately $40,000. Finally, Assetmark Inc. bought a new stake in Rentokil Initial in the third quarter valued at approximately $36,000. 9.91% of the stock is owned by institutional investors and hedge funds.

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.