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

Rentokil Initial plc (NYSE:RTO) has received an average rating of “Hold” from the seven analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $29.00.

A number of analysts recently commented on RTO shares. UBS Group raised Rentokil Initial from a “sell” rating to a “neutral” rating in a research note on Monday, July 1st. JPMorgan Chase & Co. started coverage on shares of Rentokil Initial in a research note on Tuesday, April 23rd. They set a “neutral” rating on the stock. Sanford C. Bernstein upgraded shares of Rentokil Initial from an “underperform” rating to a “market perform” rating in a report on Monday, July 22nd. Finally, Barclays raised shares of Rentokil Initial to a “strong-buy” rating in a research note on Friday, July 26th.

Institutional Investors Weigh In On Rentokil Initial

Several hedge funds have recently modified their holdings of the stock. Janus Henderson Group PLC raised its stake in Rentokil Initial by 0.7% during the first quarter. Janus Henderson Group PLC now owns 16,139,724 shares of the company’s stock worth $486,610,000 after purchasing an additional 105,248 shares during the period. Gates Capital Management Inc. grew its position in Rentokil Initial by 11.4% during the fourth quarter. Gates Capital Management Inc. now owns 5,155,193 shares of the company’s stock valued at $147,490,000 after acquiring an additional 528,409 shares during the period. Brown Advisory Inc. increased its stake in Rentokil Initial by 2.1% during the fourth quarter. Brown Advisory Inc. now owns 3,884,020 shares of the company’s stock worth $111,122,000 after acquiring an additional 81,134 shares during the last quarter. Norges Bank purchased a new position in shares of Rentokil Initial in the 4th quarter worth about $77,547,000. Finally, Schroder Investment Management Group lifted its stake in shares of Rentokil Initial by 13.8% in the 4th quarter. Schroder Investment Management Group now owns 2,025,479 shares of the company’s stock valued at $57,949,000 after purchasing an additional 246,253 shares in the last quarter. 9.91% of the stock is owned by institutional investors and hedge funds.

Rentokil Initial Stock Up 0.6 %

RTO stock opened at $31.77 on Friday. The stock’s 50 day moving average price is $30.09 and its 200 day moving average price is $28.64. Rentokil Initial has a 1 year low of $23.39 and a 1 year high of $38.43.

Rentokil Initial Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Friday, August 9th will be paid a dividend of $0.2034 per share. This represents a dividend yield of 1.7%. The ex-dividend date is Friday, August 9th.

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.