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

Rentokil Initial plc (NYSE:RTO - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eight brokerages that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $29.00.

Several analysts have recently issued reports on the stock. Citigroup upgraded shares of Rentokil Initial to a "strong-buy" rating in a research note on Friday, December 13th. Redburn Atlantic downgraded shares of Rentokil Initial from a "buy" rating to a "neutral" rating in a report on Thursday, September 19th.

Institutional Investors Weigh In On Rentokil Initial

A number of institutional investors and hedge funds have recently modified their holdings of the company. Janus Henderson Group PLC lifted its holdings in shares of Rentokil Initial by 3.8% in the third quarter. Janus Henderson Group PLC now owns 16,990,179 shares of the company's stock worth $423,573,000 after buying an additional 617,227 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Rentokil Initial by 130.7% during the second quarter. The Manufacturers Life Insurance Company now owns 1,839,135 shares of the company's stock valued at $54,530,000 after acquiring an additional 1,041,860 shares during the last quarter. River Road Asset Management LLC bought a new position in Rentokil Initial during the third quarter valued at approximately $44,055,000. Harvey Partners LLC grew its position in Rentokil Initial by 48.3% during the third quarter. Harvey Partners LLC now owns 1,430,000 shares of the company's stock valued at $35,650,000 after acquiring an additional 465,500 shares during the last quarter. Finally, MIG Capital LLC grew its position in Rentokil Initial by 34.3% during the third quarter. MIG Capital LLC now owns 1,195,997 shares of the company's stock valued at $29,816,000 after acquiring an additional 305,374 shares during the last quarter. 9.91% of the stock is owned by hedge funds and other institutional investors.

Rentokil Initial Stock Up 2.2 %

Shares of NYSE RTO traded up $0.51 during trading on Monday, hitting $23.94. The stock had a trading volume of 628,503 shares, compared to its average volume of 561,872. Rentokil Initial has a 12 month low of $22.40 and a 12 month high of $34.07. 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 company has a market capitalization of $12.09 billion, a PE ratio of 16.98, a PEG ratio of 7.23 and a beta of 1.08. The firm has a fifty day moving average of $25.70 and a two-hundred day moving average of $27.37.

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.