Rentokil Initial plc (NYSE:RTO) Receives $29.00 Average Price Target from Analysts

Shares of Rentokil Initial plc (NYSE:RTO) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat 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 1 year price target among analysts that have issued ratings on the stock in the last year is $29.00.

A number of equities analysts have recently weighed in on RTO shares. 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 report on Friday, December 13th.

Rentokil Initial Stock Performance

NYSE:RTO opened at $25.40 on Thursday. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75. The company’s 50-day moving average price is $25.60 and its 200-day moving average price is $27.80. Rentokil Initial has a twelve month low of $22.40 and a twelve month high of $34.07. The company has a market cap of $12.82 billion, a P/E ratio of 18.01, a P/E/G ratio of 7.23 and a beta of 1.08.

Institutional Investors Weigh In On Rentokil Initial

Several institutional investors and hedge funds have recently modified their holdings of RTO. River Road Asset Management LLC acquired a new position in Rentokil Initial in the 3rd quarter valued at about $44,055,000. The Manufacturers Life Insurance Company lifted its holdings in Rentokil Initial by 130.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,839,135 shares of the company’s stock worth $54,530,000 after buying an additional 1,041,860 shares in the last quarter. Mediolanum International Funds Ltd purchased a new position in Rentokil Initial in the 3rd quarter valued at approximately $25,764,000. Janus Henderson Group PLC increased its position in shares of Rentokil Initial by 3.8% during the third quarter. Janus Henderson Group PLC now owns 16,990,179 shares of the company’s stock worth $423,573,000 after acquiring an additional 617,227 shares during the period. Finally, Maverick Capital Ltd. acquired a new stake in shares of Rentokil Initial in the third quarter valued at $14,820,000. Hedge funds and other institutional investors 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.