Rentokil Initial (NYSE:RTO) Lifted to “Neutral” at UBS Group

Rentokil Initial (NYSE:RTO) was upgraded by UBS Group from a “sell” rating to a “neutral” rating in a report released on Monday, Benzinga reports.

Several other equities analysts have also commented on the company. BNP Paribas raised Rentokil Initial from a “neutral” rating to an “outperform” rating in a research report on Monday, March 18th. JPMorgan Chase & Co. initiated coverage on shares of Rentokil Initial in a research report on Tuesday, April 23rd. They set a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $29.00.

Rentokil Initial Price Performance

NYSE:RTO opened at $29.74 on Monday. The business’s 50-day moving average is $27.47 and its two-hundred day moving average is $27.79. Rentokil Initial has a 12 month low of $23.39 and a 12 month high of $41.55.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. raised its position in shares of Rentokil Initial by 81.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 968 shares of the company’s stock worth $29,000 after purchasing an additional 434 shares during the period. Benjamin F. Edwards & Company Inc. acquired a new stake in Rentokil Initial in the fourth quarter worth $34,000. Principal Securities Inc. acquired a new stake in Rentokil Initial in the fourth quarter worth $47,000. Allspring Global Investments Holdings LLC bought a new stake in Rentokil Initial in the first quarter valued at $47,000. Finally, SYSTM Wealth Solutions LLC boosted its holdings in shares of Rentokil Initial by 168.5% during the first quarter. SYSTM Wealth Solutions LLC now owns 3,977 shares of the company’s stock valued at $120,000 after acquiring an additional 2,496 shares during the period. Institutional investors and hedge funds own 9.91% of the company’s stock.

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.