Rentokil Initial plc (NYSE:RTO) Receives Consensus Rating of “Moderate Buy” from Analysts

Rentokil Initial plc (NYSE:RTO) has received a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $29.00.

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

Institutional Investors Weigh In On Rentokil Initial

Institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Rentokil Initial by 403.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,052 shares of the company’s stock valued at $31,000 after purchasing an additional 843 shares in the last quarter. Valley Wealth Managers Inc. bought a new stake in Rentokil Initial in the 3rd quarter valued at approximately $29,000. Sunbelt Securities Inc. bought a new stake in Rentokil Initial in the 2nd quarter valued at approximately $40,000. Assetmark Inc. acquired a new position in Rentokil Initial during the 3rd quarter worth approximately $36,000. Finally, Whittier Trust Co. grew its stake in shares of Rentokil Initial by 200.8% during the 3rd quarter. Whittier Trust Co. now owns 2,274 shares of the company’s stock worth $57,000 after acquiring an additional 1,518 shares in the last quarter. 9.91% of the stock is owned by institutional investors.

Rentokil Initial Stock Down 2.7 %

NYSE:RTO opened at $23.47 on Monday. The stock’s fifty day moving average price is $25.70 and its two-hundred day moving average price is $27.37. The company has a market cap of $11.85 billion, a price-to-earnings ratio of 16.65, a P/E/G ratio of 7.23 and a beta of 1.08. Rentokil Initial has a 52-week low of $22.40 and a 52-week high of $34.07. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 1.04.

About Rentokil Initial

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.