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

Rentokil Initial plc (NYSE:RTO) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company.

Separately, Citigroup raised shares of Rentokil Initial to a “strong-buy” rating in a research report on Friday, December 13th.

Institutional Investors Weigh In On Rentokil Initial

Several hedge funds have recently made changes to their positions in RTO. Allspring Global Investments Holdings LLC raised its holdings in shares of Rentokil Initial by 40.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,040 shares of the company’s stock valued at $101,000 after acquiring an additional 1,164 shares in the last quarter. River Road Asset Management LLC purchased a new position in Rentokil Initial during the 3rd quarter valued at about $44,055,000. Assetmark Inc. bought a new stake in shares of Rentokil Initial in the 3rd quarter valued at about $36,000. Crossmark Global Holdings Inc. bought a new stake in shares of Rentokil Initial in the 3rd quarter valued at about $334,000. Finally, Oppenheimer & Co. Inc. lifted its position in shares of Rentokil Initial by 165.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 55,604 shares of the company’s stock worth $1,386,000 after purchasing an additional 34,687 shares during the period. 9.91% of the stock is currently owned by hedge funds and other institutional investors.

Rentokil Initial Stock Down 10.2 %

Shares of RTO opened at $22.59 on Tuesday. The firm has a fifty day moving average price of $24.97 and a 200-day moving average price of $25.96. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $11.41 billion, a P/E ratio of 14.96, a P/E/G ratio of 7.95 and a beta of 1.08. Rentokil Initial has a 12-month low of $22.22 and a 12-month high of $34.07.

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.