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

Rentokil Initial plc (NYSE:RTO) has been given an average recommendation of “Moderate Buy” by the eight analysts that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $29.00.

A number of research firms recently commented on RTO. Citigroup upgraded Rentokil Initial to a “strong-buy” rating in a report on Friday, December 13th. Redburn Atlantic cut Rentokil Initial from a “buy” rating to a “neutral” rating in a research report on Thursday, September 19th.

Institutional Investors Weigh In On Rentokil Initial

Institutional investors have recently made changes to their positions in the company. Rothschild Investment LLC acquired a new stake in Rentokil Initial during the 2nd quarter worth approximately $29,000. Valley Wealth Managers Inc. acquired a new position in Rentokil Initial in the 3rd quarter valued at $29,000. Northwestern Mutual Wealth Management Co. increased its position in Rentokil Initial by 403.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,052 shares of the company’s stock worth $31,000 after buying an additional 843 shares during the period. Assetmark Inc. acquired a new stake in shares of Rentokil Initial during the third quarter worth $36,000. Finally, Sunbelt Securities Inc. bought a new stake in shares of Rentokil Initial in the second quarter valued at about $40,000. Institutional investors own 9.91% of the company’s stock.

Rentokil Initial Stock Down 1.9 %

Rentokil Initial stock opened at $25.55 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 1.04. The company’s 50-day moving average is $25.53 and its 200-day moving average is $27.83. Rentokil Initial has a fifty-two week low of $22.40 and a fifty-two week high of $34.07.

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.