Rentokil Initial plc (NYSE:RTO) Given Average Rating of “Hold” by Brokerages

Shares of Rentokil Initial plc (NYSE:RTO) have been given an average recommendation of “Hold” by 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 issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $29.00.

Separately, Redburn Atlantic downgraded shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a research report on Thursday, September 19th.

Rentokil Initial Stock Performance

RTO stock opened at $25.71 on Friday. The stock’s 50 day simple moving average is $25.09 and its 200 day simple moving average is $27.89. Rentokil Initial has a 12-month low of $22.40 and a 12-month high of $34.07. The firm has a market cap of $12.98 billion, a P/E ratio of 18.11, a P/E/G ratio of 7.24 and a beta of 1.09. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75.

Hedge Funds Weigh In On Rentokil Initial

Several hedge funds have recently modified their holdings of RTO. Janus Henderson Group PLC boosted its stake 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 buying an additional 617,227 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Rentokil Initial by 130.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,839,135 shares of the company’s stock valued at $54,530,000 after purchasing an additional 1,041,860 shares in the last quarter. River Road Asset Management LLC acquired a new position in shares of Rentokil Initial in the 3rd quarter worth approximately $44,055,000. Harvey Partners LLC raised its holdings in shares of Rentokil Initial by 48.3% in the 3rd quarter. Harvey Partners LLC now owns 1,430,000 shares of the company’s stock worth $35,650,000 after purchasing an additional 465,500 shares in the last quarter. Finally, MIG Capital LLC lifted its stake in Rentokil Initial by 34.3% during the third quarter. MIG Capital LLC now owns 1,195,997 shares of the company’s stock valued at $29,816,000 after purchasing an additional 305,374 shares during the last quarter. 9.91% of the stock is currently owned by institutional investors and hedge funds.

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.