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

Rentokil Initial plc (NYSE:RTO) has received a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $29.00.

A number of research analysts have weighed in on the stock. Redburn Atlantic lowered shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a research note on Thursday, September 19th. Citigroup raised shares of Rentokil Initial to a “strong-buy” rating in a research note on Friday, December 13th.

Rentokil Initial Stock Up 2.1 %

Shares of NYSE:RTO opened at $23.80 on Monday. Rentokil Initial has a one year low of $22.40 and a one year high of $34.07. The company has a 50 day moving average of $25.55 and a 200-day moving average of $27.26. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96. The stock has a market cap of $12.02 billion, a price-to-earnings ratio of 16.88, a P/E/G ratio of 7.23 and a beta of 1.08.

Institutional Investors Weigh In On Rentokil Initial

Institutional investors and hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its position in Rentokil Initial by 403.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,052 shares of the company’s stock worth $31,000 after purchasing an additional 843 shares during the period. Valley Wealth Managers Inc. acquired a new position in shares of Rentokil Initial in the third quarter valued at approximately $29,000. Sunbelt Securities Inc. acquired a new position in shares of Rentokil Initial in the second quarter valued at approximately $40,000. Assetmark Inc. acquired a new stake in Rentokil Initial during the 3rd quarter valued at approximately $36,000. Finally, Whittier Trust Co. increased its position in Rentokil Initial by 200.8% during the 3rd quarter. Whittier Trust Co. now owns 2,274 shares of the company’s stock valued at $57,000 after purchasing an additional 1,518 shares during the period. 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.