Rentokil Initial plc (NYSE:RTO) Receives $29.00 Consensus Target Price from Brokerages

Shares of Rentokil Initial plc (NYSE:RTO) have earned a consensus recommendation of “Hold” from the seven brokerages that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $29.00.

A number of equities analysts recently commented on the company. Sanford C. Bernstein raised Rentokil Initial from an “underperform” rating to a “market perform” rating in a report on Monday, July 22nd. Barclays upgraded shares of Rentokil Initial to a “strong-buy” rating in a research note on Friday, July 26th. Finally, Redburn Atlantic lowered shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a research report on Thursday, September 19th.

Rentokil Initial Stock Performance

Shares of NYSE RTO opened at $25.74 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75. Rentokil Initial has a 12-month low of $22.40 and a 12-month high of $34.07. The firm has a market capitalization of $13.00 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 6.91 and a beta of 1.10. The firm has a 50 day moving average of $26.45 and a 200 day moving average of $27.96.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. raised its stake in Rentokil Initial by 81.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 968 shares of the company’s stock valued at $29,000 after purchasing an additional 434 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of Rentokil Initial in the 2nd quarter valued at about $29,000. Northwestern Mutual Wealth Management Co. grew its position in Rentokil Initial by 403.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,052 shares of the company’s stock worth $31,000 after acquiring an additional 843 shares in the last quarter. GPS Wealth Strategies Group LLC bought a new stake in Rentokil Initial during the second quarter worth approximately $38,000. Finally, Sunbelt Securities Inc. purchased a new stake in Rentokil Initial during the second quarter valued at approximately $40,000. 9.91% of the stock is owned by hedge funds and other institutional investors.

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.