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

Shares of Rentokil Initial PLC (NYSE:RTO) have been assigned an average rating of “Moderate Buy” from the thirteen brokerages that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $34.50.

Several brokerages have recently commented on RTO. Wall Street Zen raised shares of Rentokil Initial from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. The Goldman Sachs Group upgraded Rentokil Initial from a “neutral” rating to a “buy” rating in a research note on Monday, July 6th. Zacks Research downgraded Rentokil Initial from a “hold” rating to a “strong sell” rating in a research report on Monday, June 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Rentokil Initial in a research report on Wednesday, June 24th.

Rentokil Initial Trading Up 0.0%

Shares of Rentokil Initial stock opened at $30.43 on Friday. Rentokil Initial has a twelve month low of $22.77 and a twelve month high of $34.67. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.76. The company has a 50-day simple moving average of $30.21 and a two-hundred day simple moving average of $31.37.

Institutional Trading of Rentokil Initial

A number of institutional investors have recently modified their holdings of RTO. Janus Henderson Group PLC raised its stake in Rentokil Initial by 3.0% in the first quarter. Janus Henderson Group PLC now owns 16,591,965 shares of the company’s stock valued at $522,329,000 after purchasing an additional 490,885 shares in the last quarter. Bank of America Corp DE lifted its position in 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 period. Schroder Investment Management Group grew its stake in 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 buying an additional 267,204 shares in the last quarter. Snyder Capital Management L P grew its stake in 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 buying an additional 244,976 shares in the last quarter. Finally, Summitry LLC increased its holdings in Rentokil Initial by 1.7% in the 4th quarter. Summitry LLC now owns 1,475,957 shares of the company’s stock valued at $43,482,000 after buying an additional 25,170 shares during the period. 9.91% of the stock is currently owned by institutional investors.

About Rentokil Initial

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.