Rentokil Initial (NYSE:RTO) Upgraded at Barclays

Rentokil Initial (NYSE:RTO) was upgraded by analysts at Barclays to a “strong-buy” rating in a research report issued to clients and investors on Friday, Zacks.com reports.

Several other research analysts have also recently weighed in on RTO. UBS Group raised shares of Rentokil Initial from a “sell” rating to a “neutral” rating in a report on Monday, July 1st. Sanford C. Bernstein raised Rentokil Initial from an “underperform” rating to a “market perform” rating in a research note on Monday, July 22nd. Finally, JPMorgan Chase & Co. started coverage on Rentokil Initial in a research note on Tuesday, April 23rd. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $29.00.

Rentokil Initial Stock Down 1.2 %

Rentokil Initial stock opened at $30.38 on Friday. Rentokil Initial has a fifty-two week low of $23.39 and a fifty-two week high of $40.81. The firm’s fifty day moving average price is $29.08 and its 200-day moving average price is $28.20.

Institutional Trading of Rentokil Initial

Several institutional investors have recently added to or reduced their stakes in the business. Iridian Asset Management LLC CT boosted its holdings in shares of Rentokil Initial by 151.0% during the fourth quarter. Iridian Asset Management LLC CT now owns 247,130 shares of the company’s stock worth $7,070,000 after purchasing an additional 148,656 shares during the period. Janney Montgomery Scott LLC purchased a new stake in Rentokil Initial in the first quarter worth about $575,000. Schroder Investment Management Group lifted its holdings in Rentokil Initial by 13.8% in the fourth quarter. Schroder Investment Management Group now owns 2,025,479 shares of the company’s stock worth $57,949,000 after buying an additional 246,253 shares during the period. Lazard Asset Management LLC lifted its holdings in Rentokil Initial by 345,196.7% in the first quarter. Lazard Asset Management LLC now owns 1,560,741 shares of the company’s stock worth $47,056,000 after buying an additional 1,560,289 shares during the period. Finally, Brown Advisory Inc. lifted its holdings in Rentokil Initial by 2.1% in the fourth quarter. Brown Advisory Inc. now owns 3,884,020 shares of the company’s stock worth $111,122,000 after buying an additional 81,134 shares during the period. 9.91% of the stock is currently owned by hedge funds and other institutional investors.

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.