Rentokil Initial (NYSE:RTO) Stock Rating Upgraded by Stifel Nicolaus

Rentokil Initial (NYSE:RTO) was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued on Monday, Marketbeat reports.

Several other equities analysts also recently weighed in on RTO. Zacks Research downgraded Rentokil Initial from a “hold” rating to a “strong sell” rating in a research report on Monday, June 15th. Wall Street Zen lowered shares of Rentokil Initial from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Rentokil Initial in a research report on Monday, August 3rd. Investec raised shares of Rentokil Initial to a “buy” rating in a research note on Wednesday, September 23rd. Finally, The Goldman Sachs Group upgraded shares of Rentokil Initial from a “neutral” rating to a “buy” rating in a report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $31.90.

Rentokil Initial Trading Down 0.4%

RTO opened at $19.94 on Monday. The stock has a 50-day moving average of $22.91 and a 200 day moving average of $28.26. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 0.65. Rentokil Initial has a 12 month low of $19.50 and a 12 month high of $34.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of RTO. Royal Bank of Canada lifted its position in shares of Rentokil Initial by 87.6% in the 1st quarter. Royal Bank of Canada now owns 197,383 shares of the company’s stock worth $6,213,000 after purchasing an additional 92,149 shares during the period. QRG Capital Management Inc. purchased a new position in Rentokil Initial during the first quarter valued at approximately $1,079,000. Assetmark Inc. increased its holdings in Rentokil Initial by 29.0% during the first quarter. Assetmark Inc. now owns 837,035 shares of the company’s stock valued at $26,350,000 after buying an additional 188,190 shares during the period. Quantinno Capital Management LP raised its stake in Rentokil Initial by 54.3% in the first quarter. Quantinno Capital Management LP now owns 268,673 shares of the company’s stock worth $8,458,000 after buying an additional 94,519 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in Rentokil Initial by 3.0% in the first quarter. Janus Henderson Group PLC now owns 16,591,965 shares of the company’s stock worth $522,329,000 after buying an additional 490,885 shares in the last quarter. Institutional investors own 9.91% of the company’s stock.

About Rentokil Initial

Rentokil Initial plc is a business services company specializing in pest control, hygiene, and related workplace services. Through brands including Rentokil, Terminix, Initial, and Ambius, it provides commercial and residential pest management, washroom hygiene, restroom services, interior landscaping, and other solutions designed to support healthier, safer, and more productive environments.

The company serves customers across a broad range of industries, including healthcare, hospitality, food service, manufacturing, retail, and property management.