Analysts Set Rentokil Initial plc (NYSE:RTO) PT at $29.00

Shares of Rentokil Initial plc (NYSE:RTO) have earned a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $29.00.

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

Rentokil Initial Stock Performance

Shares of RTO stock opened at $23.82 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of 0.75. The stock has a 50-day simple moving average of $25.43 and a 200 day simple moving average of $27.20. 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

Institutional investors have recently bought and sold shares of the stock. Zions Bancorporation N.A. boosted its holdings in shares of Rentokil Initial by 18.2% in the second quarter. Zions Bancorporation N.A. now owns 15,541 shares of the company’s stock worth $461,000 after buying an additional 2,392 shares during the period. Oppenheimer Asset Management Inc. lifted its position in shares of Rentokil Initial by 15.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 32,673 shares of the company’s stock valued at $969,000 after acquiring an additional 4,378 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Rentokil Initial by 14.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 799,364 shares of the company’s stock worth $23,701,000 after purchasing an additional 101,090 shares during the period. SYSTM Wealth Solutions LLC raised its stake in Rentokil Initial by 19.1% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 4,736 shares of the company’s stock valued at $140,000 after purchasing an additional 759 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Rentokil Initial by 12.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 13,710 shares of the company’s stock valued at $403,000 after purchasing an additional 1,477 shares in the last quarter. Hedge funds and other institutional investors 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.