Brokerages Set Rentokil Initial plc (NYSE:RTO) Price Target at $29.00

Shares of Rentokil Initial plc (NYSE:RTO) have earned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $29.00.

Separately, Citigroup raised Rentokil Initial to a “strong-buy” rating in a research note on Friday, December 13th.

Rentokil Initial Trading Down 0.8 %

RTO stock opened at $23.82 on Monday. The company has a 50 day moving average price of $25.43 and a 200 day moving average price of $27.16. Rentokil Initial has a fifty-two week low of $22.40 and a fifty-two week high of $34.07. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 1.04.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RTO. Northwestern Mutual Wealth Management Co. raised its stake in Rentokil Initial by 403.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,052 shares of the company’s stock valued at $31,000 after buying an additional 843 shares during the period. Valley Wealth Managers Inc. acquired a new position in shares of Rentokil Initial in the third quarter valued at approximately $29,000. Sunbelt Securities Inc. acquired a new position in Rentokil Initial in the 2nd quarter valued at $40,000. Assetmark Inc. bought a new position in Rentokil Initial during the third quarter worth about $36,000. Finally, Whittier Trust Co. raised its position in shares of Rentokil Initial by 200.8% in the third quarter. Whittier Trust Co. now owns 2,274 shares of the company’s stock valued at $57,000 after buying an additional 1,518 shares in the last quarter. 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.