Rentokil Initial (NYSE:RTO) Upgraded at Bank of America

by · The Cerbat Gem

Rentokil Initial (NYSE:RTO – Get Free Report) was upgraded by Bank of America from a “neutral” rating to a “buy” rating in a report issued on Thursday,Finviz reports. The brokerage presently has a $34.00 price objective on the stock. Bank of America‘s target price would indicate a potential upside of 17.86% from the stock’s previous close.

RTO has been the subject of several other reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Rentokil Initial in a research note on Friday, November 21st. Sanford C. Bernstein upgraded Rentokil Initial from an “underperform” rating to an “outperform” rating in a research note on Tuesday, October 7th. Zacks Research upgraded shares of Rentokil Initial from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Berenberg Bank upgraded shares of Rentokil Initial to a “strong sell” rating in a research report on Monday, September 29th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Rentokil Initial in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.00.

Get Our Latest Analysis on Rentokil Initial

Rentokil Initial Price Performance

Shares of Rentokil Initial stock opened at $28.85 on Thursday. Rentokil Initial has a 1 year low of $19.60 and a 1 year high of $30.10. The company’s fifty day moving average is $27.53 and its two-hundred day moving average is $25.48.

Hedge Funds Weigh In On Rentokil Initial

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Brooklyn Investment Group increased its holdings in shares of Rentokil Initial by 668.3% in the 1st quarter. Brooklyn Investment Group now owns 1,598 shares of the company’s stock valued at $37,000 after purchasing an additional 1,390 shares in the last quarter. Elwood Capital Partners LP increased its holdings in Rentokil Initial by 11.4% in the first quarter. Elwood Capital Partners LP now owns 141,324 shares of the company’s stock valued at $3,236,000 after buying an additional 14,449 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Rentokil Initial by 49.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 68,076 shares of the company’s stock valued at $1,559,000 after buying an additional 22,520 shares in the last quarter. Synovus Financial Corp boosted its stake in shares of Rentokil Initial by 42.4% during the 1st quarter. Synovus Financial Corp now owns 143,644 shares of the company’s stock worth $3,290,000 after acquiring an additional 42,786 shares in the last quarter. Finally, Sunriver Management LLC acquired a new stake in shares of Rentokil Initial in the 1st quarter worth approximately $21,864,000. 9.91% of the stock is owned by institutional investors and hedge funds.

About Rentokil Initial

(Get Free Report)

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.

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