Rentokil Initial (NYSE:RTO – Get Free Report) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.
Other research analysts also recently issued research reports about the stock. Oppenheimer boosted their price objective on shares of Rentokil Initial from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Tuesday, March 10th. Morgan Stanley upgraded Rentokil Initial from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Rentokil Initial in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft cut Rentokil Initial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, UBS Group raised Rentokil Initial from a “neutral” rating to a “buy” rating in a research report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $34.50.
Check Out Our Latest Stock Analysis on RTO
Rentokil Initial Stock Up 1.0%
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of RTO. Envestnet Asset Management Inc. boosted its position in Rentokil Initial by 105.8% in the third quarter. Envestnet Asset Management Inc. now owns 1,553,740 shares of the company’s stock valued at $39,232,000 after buying an additional 798,660 shares in the last quarter. Clark Estates Inc. NY acquired a new stake in shares of Rentokil Initial in the 3rd quarter valued at $8,332,000. Liberty One Investment Management LLC acquired a new stake in Rentokil Initial in the third quarter worth about $39,946,000. Nichols & Pratt Advisers LLP MA grew its position in shares of Rentokil Initial by 5.9% during the 3rd quarter. Nichols & Pratt Advisers LLP MA now owns 871,415 shares of the company’s stock worth $22,003,000 after buying an additional 48,184 shares during the period. Finally, Advisor OS LLC bought a new stake in shares of Rentokil Initial during the 3rd quarter valued at $1,014,000. 9.91% of the stock is currently owned by institutional investors and hedge funds.
Rentokil Initial Company Profile
Rentokil Initial PLC is a global business services company specializing in pest control, hygiene and workwear services. Headquartered in Crawley, West Sussex, United Kingdom, the company delivers outsourced solutions designed to protect people, preserve assets and enhance workplaces for both commercial and residential customers.
Under the Rentokil Pest Control brand, the company offers services ranging from routine inspections and treatment of insects, rodents and birds to specialised programmes for food manufacturing and healthcare environments.
Featured Stories
Receive News & Ratings for Rentokil Initial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rentokil Initial and related companies with MarketBeat.com's FREE daily email newsletter.
