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

Shares of Rentokil Initial plc (NYSE:RTO) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $29.00.

A number of equities analysts recently issued reports on the company. Citigroup upgraded Rentokil Initial to a “strong-buy” rating in a report on Friday, December 13th. Redburn Atlantic lowered Rentokil Initial from a “buy” rating to a “neutral” rating in a research report on Thursday, September 19th.

Rentokil Initial Price Performance

Rentokil Initial stock opened at $23.80 on Monday. Rentokil Initial has a 52-week low of $22.40 and a 52-week high of $34.07. The stock’s 50 day moving average price is $25.55 and its two-hundred day moving average price is $27.26. 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 stock has a market capitalization of $12.02 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 7.23 and a beta of 1.08.

Institutional Investors Weigh In On Rentokil Initial

Several large investors have recently added to or reduced their stakes in RTO. Valley Wealth Managers Inc. purchased a new position in Rentokil Initial during the 3rd quarter valued at about $29,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Rentokil Initial by 403.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,052 shares of the company’s stock valued at $31,000 after acquiring an additional 843 shares during the last quarter. Assetmark Inc. bought a new stake in shares of Rentokil Initial during the 3rd quarter valued at about $36,000. Sunbelt Securities Inc. bought a new stake in Rentokil Initial in the 2nd quarter worth approximately $40,000. Finally, Whittier Trust Co. lifted its position in Rentokil Initial by 200.8% in the 3rd quarter. Whittier Trust Co. now owns 2,274 shares of the company’s stock worth $57,000 after buying an additional 1,518 shares during the last quarter. 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.