Brokerages Set Rentokil Initial PLC (NYSE:RTO) Target Price at $34.50

Shares of Rentokil Initial PLC (NYSE:RTO) have been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $34.50.

A number of research analysts have issued reports on RTO shares. Wall Street Zen cut Rentokil Initial from a “buy” rating to a “hold” rating in a research report on Sunday, April 5th. Oppenheimer lifted their target price on Rentokil Initial from $30.00 to $35.00 and gave the company an “outperform” rating in a research report on Tuesday, March 10th. Rothschild & Co Redburn upgraded Rentokil Initial from a “sell” rating to a “neutral” rating in a research report on Wednesday, March 11th. UBS Group upgraded Rentokil Initial from a “neutral” rating to a “buy” rating in a research report on Thursday, March 12th. Finally, Zacks Research cut Rentokil Initial from a “hold” rating to a “strong sell” rating in a research report on Monday, June 15th.

Rentokil Initial Trading Down 0.5%

RTO stock opened at $28.36 on Wednesday. Rentokil Initial has a 52 week low of $22.72 and a 52 week high of $34.67. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.76. The business has a 50-day simple moving average of $31.70 and a 200 day simple moving average of $31.32.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of RTO. Janus Henderson Group PLC grew its holdings in shares of Rentokil Initial by 3.0% during the first quarter. Janus Henderson Group PLC now owns 16,591,965 shares of the company’s stock worth $522,329,000 after purchasing an additional 490,885 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Rentokil Initial by 60.7% during the first quarter. Bank of America Corp DE now owns 6,650,998 shares of the company’s stock worth $209,373,000 after purchasing an additional 2,511,135 shares during the last quarter. Schroder Investment Management Group grew its holdings in shares of Rentokil Initial by 8.4% during the fourth quarter. Schroder Investment Management Group now owns 3,463,470 shares of the company’s stock worth $103,558,000 after purchasing an additional 267,204 shares during the last quarter. Snyder Capital Management L P grew its holdings in shares of Rentokil Initial by 16.5% during the fourth quarter. Snyder Capital Management L P now owns 1,733,447 shares of the company’s stock worth $51,067,000 after purchasing an additional 244,976 shares during the last quarter. Finally, Summitry LLC grew its holdings in shares of Rentokil Initial by 1.7% during the fourth quarter. Summitry LLC now owns 1,475,957 shares of the company’s stock worth $43,482,000 after purchasing an additional 25,170 shares during the last quarter. Institutional investors 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.