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Fintel reports that on April 21, 2023, Barclays reiterated coverage of Rentokil Initial (LSE:RTO) with a Overweight recommendation.
Analyst Price Forecast Suggests 1.63% Downside
As of April 6, 2023, the average one-year price target for Rentokil Initial is $604.99. The forecasts range from a low of $464.60 to a high of $735.00. The average price target represents a decrease of 1.63% from its latest reported closing price of $615.00.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Rentokil Initial is $5,535MM, an increase of 49.03%. The projected annual non-GAAP EPS is $0.24.
What is the Fund Sentiment?
There are 285 funds or institutions reporting positions in Rentokil Initial. This is a decrease of 4 owner(s) or 1.38% in the last quarter. Average portfolio weight of all funds dedicated to RTO is 0.43%, a decrease of 5.60%. Total shares owned by institutions decreased in the last three months by 0.17% to 461,419K shares.
What are Other Shareholders Doing?
AEPGX – EUROPACIFIC GROWTH FUND holds 72,943K shares representing 2.92% ownership of the company. In it’s prior filing, the firm reported owning 73,168K shares, representing a decrease of 0.31%. The firm increased its portfolio allocation in RTO by 6.10% over the last quarter.
VGTSX – Vanguard Total International Stock Index Fund Investor Shares holds 33,129K shares representing 1.32% ownership of the company. In it’s prior filing, the firm reported owning 32,624K shares, representing an increase of 1.53%. The firm decreased its portfolio allocation in RTO by 15.93% over the last quarter.
AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS) – Invesco Oppenheimer International Growth Fund Class C holds 22,801K shares representing 0.91% ownership of the company. In it’s prior filing, the firm reported owning 23,572K shares, representing a decrease of 3.38%. The firm decreased its portfolio allocation in RTO by 11.66% over the last quarter.
FSOSX – Fidelity Series Overseas Fund holds 22,660K shares representing 0.91% ownership of the company. In it’s prior filing, the firm reported owning 23,419K shares, representing a decrease of 3.35%. The firm decreased its portfolio allocation in RTO by 14.00% over the last quarter.
VTMGX – Vanguard Developed Markets Index Fund Admiral Shares holds 19,179K shares representing 0.77% ownership of the company. In it’s prior filing, the firm reported owning 13,908K shares, representing an increase of 27.48%. The firm increased its portfolio allocation in RTO by 34.91% over the last quarter.
See all Rentokil Initial regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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