Redburn Atlantic Downgrades Rentokil Initial (NYSE:RTO) to Neutral

Rentokil Initial (NYSE:RTO) was downgraded by Redburn Atlantic from a “buy” rating to a “neutral” rating in a research report issued on Thursday, MarketBeat Ratings reports.

RTO has been the subject of several other research reports. UBS Group raised shares of Rentokil Initial from a “sell” rating to a “neutral” rating in a research report on Monday, July 1st. Barclays raised shares of Rentokil Initial to a “strong-buy” rating in a research report on Friday, July 26th. Finally, Sanford C. Bernstein raised shares of Rentokil Initial from an “underperform” rating to a “market perform” rating in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $29.00.

Rentokil Initial Price Performance

Shares of RTO opened at $24.50 on Thursday. The company’s 50 day simple moving average is $30.09 and its 200 day simple moving average is $29.10. Rentokil Initial has a 1 year low of $23.39 and a 1 year high of $37.44.

Institutional Investors Weigh In On Rentokil Initial

Several large investors have recently made changes to their positions in the business. CWM LLC increased its position in shares of Rentokil Initial by 7.4% in the second quarter. CWM LLC now owns 5,551 shares of the company’s stock worth $165,000 after acquiring an additional 382 shares in the last quarter. Truist Financial Corp increased its position in shares of Rentokil Initial by 2.6% in the second quarter. Truist Financial Corp now owns 16,008 shares of the company’s stock worth $475,000 after acquiring an additional 401 shares in the last quarter. Signaturefd LLC increased its position in shares of Rentokil Initial by 3.4% in the second quarter. Signaturefd LLC now owns 12,321 shares of the company’s stock worth $365,000 after acquiring an additional 406 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of Rentokil Initial by 81.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 968 shares of the company’s stock worth $29,000 after acquiring an additional 434 shares in the last quarter. Finally, SYSTM Wealth Solutions LLC increased its position in shares of Rentokil Initial by 19.1% in the second quarter. SYSTM Wealth Solutions LLC now owns 4,736 shares of the company’s stock worth $140,000 after acquiring an additional 759 shares in the last quarter. Institutional investors and hedge funds own 9.91% of the company’s stock.

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.