Brokerages Set Rentokil Initial plc (NYSE:RTO) Price Target at $29.00

Rentokil Initial plc (NYSE:RTO) has received an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $29.00.

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

Rentokil Initial Price Performance

NYSE RTO opened at $25.40 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 1.04. The company has a market capitalization of $12.82 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 7.23 and a beta of 1.08. The stock has a 50-day moving average of $25.60 and a 200 day moving average of $27.80. Rentokil Initial has a one year low of $22.40 and a one year high of $34.07.

Hedge Funds Weigh In On Rentokil Initial

Several institutional investors and hedge funds have recently modified their holdings of RTO. Janus Henderson Group PLC raised its position in Rentokil Initial by 3.8% during the third quarter. Janus Henderson Group PLC now owns 16,990,179 shares of the company’s stock valued at $423,573,000 after acquiring an additional 617,227 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Rentokil Initial by 130.7% during the second quarter. The Manufacturers Life Insurance Company now owns 1,839,135 shares of the company’s stock valued at $54,530,000 after buying an additional 1,041,860 shares during the period. River Road Asset Management LLC acquired a new position in shares of Rentokil Initial in the third quarter worth about $44,055,000. Harvey Partners LLC boosted its stake in shares of Rentokil Initial by 48.3% during the 3rd quarter. Harvey Partners LLC now owns 1,430,000 shares of the company’s stock worth $35,650,000 after acquiring an additional 465,500 shares in the last quarter. Finally, MIG Capital LLC grew its position in shares of Rentokil Initial by 34.3% during the 3rd quarter. MIG Capital LLC now owns 1,195,997 shares of the company’s stock valued at $29,816,000 after acquiring an additional 305,374 shares during the period. Institutional investors and hedge funds 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.