Rentokil Initial plc (NYSE:RTO) Receives Average Rating of “Hold” from Analysts

Rentokil Initial plc (NYSE:RTO) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $29.00.

Separately, Redburn Atlantic cut shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a research note on Thursday, September 19th.

Rentokil Initial Stock Performance

RTO stock opened at $25.98 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96. The business’s 50-day moving average is $25.00 and its two-hundred day moving average is $27.91. Rentokil Initial has a fifty-two week low of $22.40 and a fifty-two week high of $34.07.

Hedge Funds Weigh In On Rentokil Initial

Several institutional investors and hedge funds have recently bought and sold shares of RTO. Virtu Financial LLC bought a new position in shares of Rentokil Initial in the third quarter worth about $295,000. Sunbelt Securities Inc. increased its holdings in Rentokil Initial by 30.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,737 shares of the company’s stock worth $43,000 after acquiring an additional 402 shares in the last quarter. ABS Direct Equity Fund LLC raised its stake in Rentokil Initial by 3.9% during the 3rd quarter. ABS Direct Equity Fund LLC now owns 124,900 shares of the company’s stock worth $3,114,000 after acquiring an additional 4,668 shares during the period. MML Investors Services LLC lifted its holdings in Rentokil Initial by 4.6% during the third quarter. MML Investors Services LLC now owns 89,983 shares of the company’s stock valued at $2,243,000 after purchasing an additional 3,997 shares in the last quarter. Finally, XTX Topco Ltd boosted its position in shares of Rentokil Initial by 22.5% in the third quarter. XTX Topco Ltd now owns 20,768 shares of the company’s stock worth $518,000 after purchasing an additional 3,808 shares during the period. 9.91% of the stock is currently owned by hedge funds and other institutional investors.

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.