Rentokil Initial (NYSE:RTO) Raised to “Buy” at UBS Group

Rentokil Initial (NYSE:RTO) was upgraded by research analysts at UBS Group from a “neutral” rating to a “buy” rating in a research report issued on Thursday, MarketBeat Ratings reports.

Several other research analysts have also recently weighed in on RTO. Morgan Stanley upgraded Rentokil Initial from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft cut Rentokil Initial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Oppenheimer lifted their price objective on Rentokil Initial from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Tuesday. Zacks Research lowered Rentokil Initial from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 4th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Rentokil Initial in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $34.50.

Rentokil Initial Price Performance

RTO stock opened at $32.33 on Thursday. The stock’s 50 day simple moving average is $31.56 and its 200 day simple moving average is $28.59. The company has a quick ratio of 1.03, a current ratio of 1.12 and a debt-to-equity ratio of 0.79. Rentokil Initial has a 12-month low of $19.60 and a 12-month high of $33.47.

Institutional Trading of Rentokil Initial

Several large investors have recently modified their holdings of the company. Schroder Investment Management Group increased its position in Rentokil Initial by 8.4% during the fourth quarter. Schroder Investment Management Group now owns 3,463,470 shares of the company’s stock valued at $103,558,000 after acquiring an additional 267,204 shares during the last quarter. Sunriver Management LLC lifted its holdings in Rentokil Initial by 115.5% in the second quarter. Sunriver Management LLC now owns 2,057,126 shares of the company’s stock valued at $49,371,000 after acquiring an additional 1,102,353 shares during the period. Bank of America Corp DE boosted its position in Rentokil Initial by 143.5% in the second quarter. Bank of America Corp DE now owns 1,821,709 shares of the company’s stock worth $43,721,000 after purchasing an additional 1,073,471 shares during the last quarter. Snyder Capital Management L P boosted its position in Rentokil Initial by 16.5% in the fourth quarter. Snyder Capital Management L P now owns 1,733,447 shares of the company’s stock worth $51,067,000 after purchasing an additional 244,976 shares during the last quarter. Finally, QVIDTVM Management LLC grew its stake in shares of Rentokil Initial by 669.1% during the 3rd quarter. QVIDTVM Management LLC now owns 1,704,486 shares of the company’s stock valued at $43,038,000 after purchasing an additional 1,482,865 shares during the period. Institutional investors own 9.91% of the company’s stock.

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.