In yesterday’s Wall Street session, Rentokil Initial plc (NYSE:RTO) shares traded at $31.40, down -0.13% from the previous session.
As of this writing, 15 analysts cover Rentokil Initial plc (NYSE:RTO). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $39.73 and a low of $27.32, we find $35.00. Given the previous closing price of $31.44, this indicates a potential upside of 11.32 percent. RTO stock price is now -1.16% away from the 50-day moving average and 1.24% away from the 200-day moving average. The market capitalization of the company currently stands at $15.64B.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our
5 Best Growth Stocks To Own For 2023.
Sponsored
There are 3 analysts who have given it a hold rating, whereas 8 have given it a buy rating. Brokers who have rated the stock have averaged $35.14 as their price target over the next twelve months.
.
A total of 1.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RTO stock. A new stake in Rentokil Initial plc shares was purchased by PSQUARED ASSET MANAGEMENT AG during the first quarter worth $58,792,000. YAKIRA CAPITAL MANAGEMENT, INC. invested $17,477,000 in shares of RTO during the first quarter. In the first quarter, OPTIVER HOLDING B.V. acquired a new stake in Rentokil Initial plc valued at approximately $11,302,000. INDEXIQ ADVISORS LLC acquired a new stake in RTO for approximately $10,046,000. COWEN INVESTMENT MANAGEMENT LLC purchased a new stake in RTO valued at around $3,968,000 in the second quarter. In total, there are 9 active investors with 0.60% ownership of the company’s stock.
Monday morning saw Rentokil Initial plc (NYSE: RTO) opened at $31.18. During the past 12 months, Rentokil Initial plc has had a low of $24.85 and a high of $36.69. As of last week, the company has a debt-to-equity ratio of 2.61, a current ratio of 1.90, and a quick ratio of 1.80. The fifty day moving average price for RTO is $31.78 and a two-hundred day moving average price translates $31.00 for the stock.
The latest earnings results from Rentokil Initial plc (NYSE: RTO) was released for Jun, 2022.
Moreover, the firm recently paid out its quarterly dividend on 09/22/2022. Investors who held shares on 08/08/2022 were paid a $0.123 dividend. On an annualized basis, this represents a $0.41 dividend and a 1.30% percent yield. There was an ex-dividend date of 08/05/2022 for this dividend.
Rentokil Initial plc(RTO) 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 and residential customers. The company also provides hygiene services, including the provision and maintenance of products, such as soap and hand sanitizer dispensers, hand dryers, air care and purification, cubicle and surface sanitizers, feminine hygiene units, toilet paper dispensers, and floor protection mats. In addition, it engages in the supply and laundering of workwear, uniforms, cleanroom uniforms, and protective equipment. Further, the company installs and services interior and exterior plant displays, flowers, replica foliage, Christmas decorations, and ambient scenting for commercial businesses; offers property care services consisting of damp proofing, property conservation, and woodworm and wood rot treatment; and provides a range of specialist cleaning services, such as graffiti removal deep cleaning of kitchens and washrooms, trauma cleaning, and flood or fire damage cleaning, as well as specialist industrial cleaning and disinfection services, including the professional and discreet disinfection of areas that have been exposed to bio-hazardous situations, such as crime and trauma scenes, prison cells, void properties, emergency vehicles, and healthcare establishments. Additionally, it offers a range of healthcare waste management services comprising the collection, disposal, and recycling of hazardous and offensive waste produced by businesses and organizations associated with the provision of healthcare; and color-coded sharps disposal bins to deal with various types of waste. Rentokil Initial plc was founded in 1903 and is headquartered in Crawley, the United Kingdom.
