Rentokil Initial plc (NYSE:RTO) Given Average Rating of “Moderate Buy” by Analysts

Rentokil Initial plc (NYSE:RTO) has received an average recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $29.00.

RTO has been the subject of a number of recent analyst reports. Citigroup upgraded Rentokil Initial to a “strong-buy” rating in a research report on Friday, December 13th. Redburn Atlantic cut shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a research report on Thursday, September 19th.

Hedge Funds Weigh In On Rentokil Initial

A number of institutional investors have recently modified their holdings of the business. Rothschild Investment LLC bought a new stake in shares of Rentokil Initial during the 2nd quarter valued at approximately $29,000. Northwestern Mutual Wealth Management Co. boosted its position in Rentokil Initial by 403.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,052 shares of the company’s stock valued at $31,000 after buying an additional 843 shares in the last quarter. Valley Wealth Managers Inc. acquired a new stake in Rentokil Initial in the third quarter valued at approximately $29,000. Sunbelt Securities Inc. bought a new stake in shares of Rentokil Initial during the second quarter worth $40,000. Finally, Assetmark Inc. acquired a new position in shares of Rentokil Initial during the third quarter worth $36,000. Institutional investors and hedge funds own 9.91% of the company’s stock.

Rentokil Initial Stock Down 1.9 %

Shares of RTO stock opened at $25.55 on Thursday. The stock has a 50 day simple moving average of $25.53 and a 200 day simple moving average of $27.83. Rentokil Initial has a 1 year low of $22.40 and a 1 year high of $34.07. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75.

About Rentokil Initial

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.