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

Rentokil Initial (NYSE:RTO - Get Free Report) was upgraded by investment analysts at Bank of America from a "neutral" rating to a "buy" rating in a research note issued on Thursday,Finviz reports. The brokerage currently has a $34.00 price target on the stock. Bank of America's target price suggests a potential upside of 17.86% from the company's current price.Get Rentokil Initial alerts: Rollins Pest Control Needs to be in Your WatchlistRTO has been the subject of several other research reports. Jefferies Financial Group raised shares of Rentokil Initial to a "strong-buy" rating in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of Rentokil Initial in a research report on Friday, November 21st. Sanford C. Bernstein upgraded shares of Rentokil Initial from an "underperform" rating to an "outperform" rating in a report on Tuesday, October 7th. Zacks Research raised shares of Rentokil Initial from a "strong sell" rating to a "hold" rating in a research report on Friday, October 10th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Rentokil Initial in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Rentokil Initial currently has an average rating of "Moderate Buy" and an average price target of $34.00.Get Our Latest Report on Rentokil InitialRentokil Initial Stock PerformanceRTO stock opened at $28.85 on Thursday. The business has a 50 day simple moving average of $27.53 and a 200-day simple moving average of $25.48. Rentokil Initial has a 1 year low of $19.60 and a 1 year high of $30.10. Institutional Investors Weigh In On Rentokil InitialSeveral institutional investors have recently modified their holdings of RTO. Sunriver Management LLC boosted its holdings in shares of Rentokil Initial by 115.5% in the 2nd quarter. Sunriver Management LLC now owns 2,057,126 shares of the company's stock valued at $49,371,000 after buying an additional 1,102,353 shares in the last quarter. Arlington Partners LLC acquired a new stake in Rentokil Initial during the 2nd quarter worth $1,639,000. Y Intercept Hong Kong Ltd purchased a new stake in Rentokil Initial in the second quarter valued at $1,482,000. Bank of Montreal Can boosted its stake in Rentokil Initial by 557.8% in the second quarter. Bank of Montreal Can now owns 759,854 shares of the company's stock valued at $18,236,000 after acquiring an additional 644,341 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in shares of Rentokil Initial during the second quarter worth about $317,000. 9.91% of the stock is owned by hedge funds and other institutional investors. 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.Featured StoriesFive stocks we like better than Rentokil InitialUtilities Stocks Explained – How and Why to Invest in UtilitiesCannabis Stocks Up for Reversal: Pipedreams or Opportunity?Diversification Can Smooth Returns And Mitigate Portfolio RiskRate Cuts Make These 3 Income ETFs More Attractive Than EverHow to Buy Cheap Stocks Step by StepPost 35% Surge, Analysts Eye More Upside in Copper Giant FreeportThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Rentokil Initial Right Now?Before you consider Rentokil Initial, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rentokil Initial wasn't on the list.While Rentokil Initial currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here