Rentokil Initial plc (NYSE:RTO) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Rentokil Initial plc (NYSE:RTO) have earned an average rating of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $29.00.

RTO has been the topic of a number of research analyst reports. Sanford C. Bernstein upgraded Rentokil Initial from an “underperform” rating to a “market perform” rating in a research note on Monday, July 22nd. UBS Group upgraded shares of Rentokil Initial from a “sell” rating to a “neutral” rating in a research note on Monday, July 1st. Redburn Atlantic downgraded shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a research note on Thursday, September 19th. Finally, Barclays raised Rentokil Initial to a “strong-buy” rating in a research report on Friday, July 26th.

Rentokil Initial Stock Performance

Shares of RTO stock opened at $24.38 on Friday. The stock’s fifty day moving average price is $28.94 and its 200 day moving average price is $28.69. Rentokil Initial has a 1-year low of $23.39 and a 1-year high of $37.44.

Rentokil Initial Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, September 17th. Shareholders of record on Friday, August 9th were paid a dividend of $0.2034 per share. This represents a yield of 1.7%. The ex-dividend date was Friday, August 9th.

Institutional Trading of Rentokil Initial

Hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC boosted its holdings in Rentokil Initial by 7.4% in the second quarter. CWM LLC now owns 5,551 shares of the company’s stock valued at $165,000 after purchasing an additional 382 shares during the last quarter. Truist Financial Corp grew its holdings in Rentokil Initial by 2.6% during the second quarter. Truist Financial Corp now owns 16,008 shares of the company’s stock worth $475,000 after acquiring an additional 401 shares during the period. Signaturefd LLC raised its position in Rentokil Initial by 3.4% during the second quarter. Signaturefd LLC now owns 12,321 shares of the company’s stock valued at $365,000 after acquiring an additional 406 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in Rentokil Initial by 81.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 968 shares of the company’s stock valued at $29,000 after acquiring an additional 434 shares during the period. Finally, SYSTM Wealth Solutions LLC lifted its holdings in Rentokil Initial by 19.1% in the second quarter. SYSTM Wealth Solutions LLC now owns 4,736 shares of the company’s stock valued at $140,000 after acquiring an additional 759 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.