Rentokil Initial PLC (NYSE:RTO) Stock Has Average Price Target of $31.90 According to Analysts

Key Points

• Analyst sentiment is mixed: Rentokil Initial has an average “Hold” rating from 13 analysts, with seven buys, five holds, and one sell; the average 12-month price target is $31.90.
• Shares traded at $23.89, below the average analyst target, and within a 12-month range of $19.50 to $34.67.
• Several institutional investors increased their holdings, and institutional investors and hedge funds collectively own 9.91% of the company.

Rentokil Initial PLC (NYSE:RTO - Get Free Report) has earned an average rating of "Hold" from the thirteen ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $31.90.

A number of research analysts recently weighed in on RTO shares. Wall Street Zen lowered Rentokil Initial from a "buy" rating to a "hold" rating in a report on Monday, July 20th. Investec upgraded shares of Rentokil Initial to a "buy" rating in a report on Wednesday, September 23rd. Deutsche Bank reissued a "hold" rating on shares of Rentokil Initial in a research report on Monday, August 3rd. BNP Paribas Exane cut shares of Rentokil Initial from an "outperform" rating to a "neutral" rating and set a $26.70 target price for the company. in a research note on Friday, July 31st. Finally, Stifel Nicolaus raised shares of Rentokil Initial from a "hold" rating to a "buy" rating in a report on Monday, October 5th.

Institutional Investors Weigh In On Rentokil Initial

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE grew its position in Rentokil Initial by 60.7% during the first quarter. Bank of America Corp DE now owns 6,650,998 shares of the company's stock valued at $209,373,000 after buying an additional 2,511,135 shares during the period. Janus Henderson Group PLC raised its position in Rentokil Initial by 3.0% in the first quarter. Janus Henderson Group PLC now owns 16,591,965 shares of the company's stock worth $522,329,000 after acquiring an additional 490,885 shares during the period. Assetmark Inc. boosted its stake in Rentokil Initial by 29.0% in the first quarter. Assetmark Inc. now owns 837,035 shares of the company's stock valued at $26,350,000 after acquiring an additional 188,190 shares during the last quarter. Clark Estates Inc. NY purchased a new position in Rentokil Initial in the third quarter valued at about $3,654,000. Finally, Quantinno Capital Management LP grew its position in shares of Rentokil Initial by 54.3% during the 1st quarter. Quantinno Capital Management LP now owns 268,673 shares of the company's stock valued at $8,458,000 after acquiring an additional 94,519 shares during the period. Institutional investors and hedge funds own 9.91% of the company's stock.

Rentokil Initial Price Performance

RTO traded up $0.14 on Friday, hitting $23.89. 1,211,202 shares of the company were exchanged, compared to its average volume of 1,696,627. The stock's fifty day moving average is $21.90 and its 200-day moving average is $27.98. Rentokil Initial has a 12 month low of $19.50 and a 12 month high of $34.67. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.98 and a current ratio of 1.06.

Rentokil Initial Company Profile

Rentokil Initial plc is a business services company specializing in pest control and hygiene services. It helps residential, commercial and industrial customers manage pests and maintain clean, hygienic environments. Its pest-control services address issues such as rodents and insects, while its hygiene business provides products and services including washroom supplies, hand-hygiene solutions and hygiene products for businesses. The company also offers related workplace services, including workwear and textile services in some markets.

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