Analysts Set Rentokil Initial plc (NYSE:RTO) PT at $29.00

Rentokil Initial plc (NYSE:RTO) has received an average recommendation of “Hold” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $29.00.

Several brokerages recently issued reports on RTO. Barclays upgraded shares of Rentokil Initial to a “strong-buy” rating in a research note on Friday, July 26th. Redburn Atlantic lowered shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a report on Thursday, September 19th. Finally, Sanford C. Bernstein upgraded Rentokil Initial from an “underperform” rating to a “market perform” rating in a research note on Monday, July 22nd.

Rentokil Initial Price Performance

Shares of RTO stock opened at $25.74 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of 0.75. The stock has a market cap of $13.00 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 6.91 and a beta of 1.10. The business’s fifty day moving average is $26.45 and its 200 day moving average is $27.96. Rentokil Initial has a twelve month low of $22.40 and a twelve month high of $34.07.

Institutional Investors Weigh In On Rentokil Initial

A number of institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC purchased a new position in shares of Rentokil Initial in the first quarter worth $575,000. Northwestern Mutual Wealth Management Co. lifted its stake in Rentokil Initial by 403.3% during 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. Lazard Asset Management LLC boosted its holdings in shares of Rentokil Initial by 345,196.7% during the 1st quarter. Lazard Asset Management LLC now owns 1,560,741 shares of the company’s stock valued at $47,056,000 after acquiring an additional 1,560,289 shares during the last quarter. Clearbridge Investments LLC grew its stake in shares of Rentokil Initial by 5.7% in the first quarter. Clearbridge Investments LLC now owns 2,015,514 shares of the company’s stock worth $60,768,000 after acquiring an additional 109,561 shares during the period. Finally, Veracity Capital LLC purchased a new position in shares of Rentokil Initial during the third quarter valued at approximately $644,000. Hedge funds and other institutional investors own 9.91% of the company’s stock.

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.