Rentokil Initial (NYSE:RTO) Lowered to “Strong Sell” Rating by Zacks Research

Rentokil Initial (NYSE:RTO) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday,Zacks.com reports.

Several other research firms also recently commented on RTO. Rothschild & Co Redburn upgraded shares of Rentokil Initial from a “sell” rating to a “neutral” rating in a research note on Wednesday, March 11th. Oppenheimer boosted their price objective on shares of Rentokil Initial from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft lowered shares of Rentokil Initial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 24th. UBS Group raised shares of Rentokil Initial from a “neutral” rating to a “buy” rating in a report on Thursday, March 12th. Finally, Wall Street Zen cut Rentokil Initial from a “buy” rating to a “hold” rating in a research note on Sunday, April 5th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Rentokil Initial currently has a consensus rating of “Moderate Buy” and an average price target of $34.50.

Rentokil Initial Stock Performance

RTO stock opened at $30.34 on Monday. Rentokil Initial has a fifty-two week low of $22.72 and a fifty-two week high of $34.67. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.76. The business’s fifty day moving average price is $32.18 and its two-hundred day moving average price is $31.29.

Institutional Investors Weigh In On Rentokil Initial

A number of large investors have recently bought and sold shares of the company. Clark Estates Inc. NY acquired a new position in shares of Rentokil Initial in the 3rd quarter valued at approximately $8,332,000. Advisor OS LLC acquired a new stake in shares of Rentokil Initial during the 3rd quarter worth approximately $1,014,000. Bleakley Financial Group LLC acquired a new stake in shares of Rentokil Initial during the 3rd quarter worth approximately $1,132,000. Elwood Capital Partners LP increased its stake in Rentokil Initial by 116.4% in the third quarter. Elwood Capital Partners LP now owns 260,319 shares of the company’s stock valued at $6,573,000 after acquiring an additional 140,000 shares during the last quarter. Finally, Klein Pavlis & Peasley Financial Inc. acquired a new position in Rentokil Initial during the fourth quarter valued at approximately $1,201,000. 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.