Rentokil Initial (NYSE:RTO) Earns "Hold (C-)" Rating from Weiss Ratings

Key Points

• Weiss Ratings has restated Rentokil Initial's stock rating to "Hold (C-)", indicating a cautious outlook on the company's performance.
• Recent analyst reviews show mixed ratings: one "Strong Buy", two "Buy", one "Hold", and one "Sell", leading to an average rating of "Moderate Buy".
• Rentokil Initial's stock has shown a 0.9% increase, with a current market cap of $14.06 billion and a twelve month high of $27.96.

Rentokil Initial (NYSE:RTO - Get Free Report)'s stock had its "hold (c-)" rating restated by Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

A number of other research firms have also recently weighed in on RTO. Sanford C. Bernstein raised shares of Rentokil Initial from an "underperform" rating to an "outperform" rating in a research note on Tuesday. Berenberg Bank raised shares of Rentokil Initial to a "strong sell" rating in a research note on Monday, September 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Rentokil Initial in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Rentokil Initial Stock Up 0.9%

NYSE RTO opened at $27.84 on Wednesday. The stock has a market cap of $14.06 billion, a P/E ratio of 18.44, a PEG ratio of 4.80 and a beta of 0.95. The company's 50-day simple moving average is $24.90 and its 200 day simple moving average is $23.83. Rentokil Initial has a twelve month low of $19.60 and a twelve month high of $27.96.

Hedge Funds Weigh In On Rentokil Initial

A number of large investors have recently modified their holdings of RTO. Parallel Advisors LLC lifted its position in shares of Rentokil Initial by 416.9% during the second quarter. Parallel Advisors LLC now owns 1,132 shares of the company's stock worth $27,000 after purchasing an additional 913 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Rentokil Initial by 115.5% during the second quarter. IFP Advisors Inc now owns 1,282 shares of the company's stock worth $31,000 after purchasing an additional 687 shares in the last quarter. Brooklyn Investment Group lifted its position in shares of Rentokil Initial by 668.3% during the first quarter. Brooklyn Investment Group now owns 1,598 shares of the company's stock worth $37,000 after purchasing an additional 1,390 shares in the last quarter. State of Wyoming acquired a new position in shares of Rentokil Initial during the first quarter worth approximately $46,000. Finally, Cape Investment Advisory Inc. lifted its position in shares of Rentokil Initial by 67.4% during the first quarter. Cape Investment Advisory Inc. now owns 2,519 shares of the company's stock worth $58,000 after purchasing an additional 1,014 shares in the last quarter. 9.91% of the stock is currently owned by institutional investors and hedge funds.

About Rentokil Initial

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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