Rentokil Initial plc (NYSE:RTO – Get Free Report) 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.
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Rentokil Initial Price Performance
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.
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