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

Key Points

• Analyst sentiment is moderately bullish: Fifteen brokerages give Rentokil Initial a consensus “Moderate Buy” rating, with an average 12-month price target of $31.90 versus the stock’s $20.57 opening price.
• Recent analyst actions were mixed, including upgrades from Goldman Sachs and Investec, while Zacks Research downgraded the shares to “strong sell” and BNP Paribas Exane moved to “neutral” with a $26.70 target.
• Rentokil Initial shares are near their 12-month low, with 50-day and 200-day moving averages of $24.41 and $28.93, respectively. The company also reduced its dividend to $0.224 from $0.412 per share.

Shares of Rentokil Initial PLC (NYSE:RTO - Get Free Report) have been assigned an average rating of "Moderate Buy" from the fifteen brokerages that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $31.90.

A number of equities research analysts have issued reports on RTO shares. The Goldman Sachs Group raised Rentokil Initial from a "neutral" rating to a "buy" rating in a research report on Monday, July 6th. Investec raised shares of Rentokil Initial to a "buy" rating in a report on Wednesday. Zacks Research lowered shares of Rentokil Initial from a "hold" rating to a "strong sell" rating in a research note on Monday, June 15th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Rentokil Initial in a report on Monday, August 3rd. Finally, BNP Paribas Exane downgraded Rentokil Initial from an "outperform" rating to a "neutral" rating and set a $26.70 price target on the stock. in a research report on Friday, July 31st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RTO. Integrated Wealth Concepts LLC bought a new stake in shares of Rentokil Initial in the second quarter valued at about $57,000. NewEdge Advisors LLC increased its stake in Rentokil Initial by 332.7% during the second quarter. NewEdge Advisors LLC now owns 39,213 shares of the company's stock valued at $1,122,000 after acquiring an additional 30,151 shares during the period. Continuum Advisory LLC acquired a new position in Rentokil Initial in the 2nd quarter valued at approximately $42,000. Versant Capital Management Inc raised its holdings in Rentokil Initial by 10.8% in the 2nd quarter. Versant Capital Management Inc now owns 9,965 shares of the company's stock valued at $285,000 after acquiring an additional 970 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Rentokil Initial by 50.5% in the 1st quarter. Parallel Advisors LLC now owns 2,107 shares of the company's stock worth $66,000 after acquiring an additional 707 shares during the period. Institutional investors own 9.91% of the company's stock.

Rentokil Initial Stock Performance

Shares of RTO opened at $20.57 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.07 and a current ratio of 1.16. Rentokil Initial has a 12 month low of $20.52 and a 12 month high of $34.67. The company's fifty day moving average is $24.41 and its 200-day moving average is $28.93.

Rentokil Initial Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Friday, August 14th were paid a $0.2240 dividend. The ex-dividend date was Friday, August 14th. This is a negative change from Rentokil Initial's previous dividend of $0.4120. This represents a dividend yield of 188.0%.

Rentokil Initial Company Profile

Rentokil Initial plc is a United Kingdom-based business services company specializing in pest control, hygiene and workplace services. Through its pest control operations, the company provides inspection, prevention and treatment programs for residential, commercial and industrial customers, addressing insects, rodents, birds and other pests.

The company also supplies hygiene and washroom services, including sanitary products, restroom equipment, air-care systems and related maintenance programs.

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