0.72% -0.195

Rentokil Initial Plc. ADR (RTO)

Overview News Price History Option Chain Why RTO Down? Discussions Forecast Dividend History

Why is Rentokil Initial Plc. ADR (RTO) Stock down?

We've noticed a 9.35% decline in Rentokil Initial Plc. ADR (RTO) stock during the 2024-04-18 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

19 Oct, 2023:

Rentokil Initial Plc Stock (RTO) dropped by 14.81% from $35.71 to $30.42 in the trading on Thursday October 19, 2023. The reason why RTO stock down today is due to softer demand in North America. Rentokil said tougher economic conditions had hit demand in the US for its pest control and hygiene services. Winning new North American customers had proved more difficult as people moving house less frequently because of soaring borrowing costs. Rentokil now expects its annual adjusted operating margin for North America to be in the range of 18.5%-19%, compared with its previous guidance of about 19.5%.