Rentokil Initial PLC (NYSE:RTO) Receives $34.50 Average PT from Brokerages

Shares of Rentokil Initial PLC (NYSE:RTO) have been assigned a consensus rating of “Moderate Buy” from the twelve brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have issued 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 covered the stock in the last year is $34.50.

A number of brokerages have issued reports on RTO. Rothschild & Co Redburn raised shares of Rentokil Initial from a “sell” rating to a “neutral” rating in a report on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft cut shares of Rentokil Initial from a “buy” rating to a “hold” rating in a report on Tuesday, February 24th. Oppenheimer raised their price target on shares of Rentokil Initial from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Tuesday, March 10th. Zacks Research upgraded shares of Rentokil Initial from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Finally, UBS Group upgraded shares of Rentokil Initial from a “neutral” rating to a “buy” rating in a research note on Thursday, March 12th.

Rentokil Initial Trading Down 1.2%

Shares of NYSE RTO opened at $30.15 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.16 and a quick ratio of 1.07. The firm’s 50-day moving average price is $32.54 and its two-hundred day moving average price is $30.98. Rentokil Initial has a 52-week low of $22.72 and a 52-week high of $34.67.

Rentokil Initial Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, May 19th. Shareholders of record on Friday, April 10th were paid a $0.412 dividend. The ex-dividend date was Friday, April 10th. This represents a dividend yield of 245.0%.

Institutional Investors Weigh In On Rentokil Initial

Several large investors have recently made changes to their positions in the company. Elevation Point Wealth Partners LLC grew its position in Rentokil Initial by 4.7% in the first quarter. Elevation Point Wealth Partners LLC now owns 7,299 shares of the company’s stock worth $230,000 after buying an additional 328 shares during the last quarter. Vestmark Advisory Solutions Inc. grew its position in Rentokil Initial by 2.0% in the third quarter. Vestmark Advisory Solutions Inc. now owns 21,228 shares of the company’s stock worth $536,000 after buying an additional 414 shares during the last quarter. Evergreen Capital Management LLC grew its position in Rentokil Initial by 5.4% in the fourth quarter. Evergreen Capital Management LLC now owns 10,425 shares of the company’s stock worth $307,000 after buying an additional 531 shares during the last quarter. GAMMA Investing LLC grew its position in Rentokil Initial by 76.5% in the fourth quarter. GAMMA Investing LLC now owns 1,232 shares of the company’s stock worth $36,000 after buying an additional 534 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC grew its position in Rentokil Initial by 2.6% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 24,151 shares of the company’s stock worth $711,000 after buying an additional 619 shares during the last quarter. Institutional investors and hedge funds own 9.91% of the company’s stock.

Rentokil Initial Company Profile

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.