Berenberg Bank Upgrades Rentokil Initial (NYSE:RTO) to Strong Sell

Key Points

• Berenberg Bank has downgraded Rentokil Initial to a "strong sell" rating, highlighting increasing concerns about the company's performance.
• In contrast, Deutsche Bank maintained a "buy" rating for Rentokil Initial, leading to a mixed outlook from market analysts.
• Rentokil Initial's stock has recently experienced a 2.2% increase, currently trading at $25.25, with a market cap of $12.75 billion.

Rentokil Initial (NYSE:RTO - Get Free Report) was upgraded by analysts at Berenberg Bank to a "strong sell" rating in a report released on Monday,Zacks.com reports.

Separately, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Rentokil Initial in a research report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold".

Rentokil Initial Trading Up 2.2%

Rentokil Initial stock opened at $25.25 on Monday. The stock has a market cap of $12.75 billion, a P/E ratio of 16.72, a PEG ratio of 4.30 and a beta of 0.94. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.81 and a quick ratio of 0.72. Rentokil Initial has a 1 year low of $19.60 and a 1 year high of $27.37. The firm's 50 day moving average price is $24.62 and its 200-day moving average price is $23.65.

Institutional Investors Weigh In On Rentokil Initial

Large investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. increased its position in Rentokil Initial by 23.8% in the first quarter. Envestnet Asset Management Inc. now owns 777,926 shares of the company's stock worth $17,815,000 after purchasing an additional 149,599 shares during the last quarter. Arlington Partners LLC bought a new stake in Rentokil Initial in the second quarter worth $1,639,000. Stanley Capital Management LLC bought a new stake in Rentokil Initial in the first quarter worth $4,580,000. W.G. Shaheen & Associates DBA Whitney & Co increased its position in Rentokil Initial by 5.2% in the first quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 228,697 shares of the company's stock worth $5,237,000 after purchasing an additional 11,236 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in Rentokil Initial by 49.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 68,076 shares of the company's stock worth $1,559,000 after purchasing an additional 22,520 shares during the last quarter. 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.

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