Rentokil Initial PLC (NYSE:RTO) Receives $34.00 Consensus Target Price from Brokerages

Shares of Rentokil Initial PLC (NYSE:RTO) have received an average rating of “Moderate Buy” from the ten analysts that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $34.00.

RTO has been the subject of several research analyst reports. Morgan Stanley raised Rentokil Initial from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Rentokil Initial in a report on Thursday, January 22nd. Rothschild & Co Redburn downgraded shares of Rentokil Initial from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Rentokil Initial in a research report on Friday, November 21st. Finally, Bank of America raised shares of Rentokil Initial from a “neutral” rating to a “buy” rating and set a $34.00 price target for the company in a research report on Thursday, December 18th.

Institutional Trading of Rentokil Initial

Several institutional investors and hedge funds have recently bought and sold shares of RTO. Schroder Investment Management Group raised its position in shares of Rentokil Initial by 8.4% during the 4th quarter. Schroder Investment Management Group now owns 3,463,470 shares of the company’s stock worth $103,558,000 after purchasing an additional 267,204 shares during the period. Sunriver Management LLC grew its position in Rentokil Initial by 115.5% in the second quarter. Sunriver Management LLC now owns 2,057,126 shares of the company’s stock worth $49,371,000 after buying an additional 1,102,353 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Rentokil Initial by 143.5% in the second quarter. Bank of America Corp DE now owns 1,821,709 shares of the company’s stock worth $43,721,000 after buying an additional 1,073,471 shares during the period. Snyder Capital Management L P increased its holdings in shares of Rentokil Initial by 16.5% in the 4th quarter. Snyder Capital Management L P now owns 1,733,447 shares of the company’s stock valued at $51,067,000 after purchasing an additional 244,976 shares during the period. Finally, QVIDTVM Management LLC raised its stake in shares of Rentokil Initial by 669.1% during the 3rd quarter. QVIDTVM Management LLC now owns 1,704,486 shares of the company’s stock worth $43,038,000 after purchasing an additional 1,482,865 shares in the last quarter. 9.91% of the stock is currently owned by hedge funds and other institutional investors.

Rentokil Initial Stock Performance

Shares of RTO opened at $30.43 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.12 and a debt-to-equity ratio of 0.79. The business has a 50-day simple moving average of $30.84 and a two-hundred day simple moving average of $27.67. Rentokil Initial has a 12-month low of $19.60 and a 12-month high of $33.46.

About Rentokil Initial

Rentokil Initial PLC is a global business services company specializing in pest control, hygiene and workwear services. Headquartered in Crawley, West Sussex, United Kingdom, the company delivers outsourced solutions designed to protect people, preserve assets and enhance workplaces for both commercial and residential customers.

Under the Rentokil Pest Control brand, the company offers services ranging from routine inspections and treatment of insects, rodents and birds to specialised programmes for food manufacturing and healthcare environments.