Rentokil Initial Plc. ADR (RTO) Down -26.31% From Its 52-Week High, But Growth Potential Is Changing Over Time

Rentokil Initial Plc. ADR (NYSE:RTO) currently has a daily average trading volume of 556.05K but it saw 2191810 shares traded in last market. With a market cap of 15.38B USD, the company’s current market price of $30.62 came rising about 13.74 while comparing to the previous closing price of $26.92. In past 52 weeks, the stock remained buoying in the range of price level as high as $41.55 and as low as $23.39.

Taking a look at 20-day trading activity of Rentokil Initial Plc. ADR (RTO) gives us an average price of $27.22, while its current price level is -26.31% below from 52-week high level whereas it is 30.91% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $27.25 while that of 200 days or SMA-200 reads an average of $29.25. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.86% during that period while stretching the period over a month that decreases to 1.43%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 68.30 which implies that the stock is in neutral territory.

BofA Securities downgraded its recommendation for the stock as a “Neutral” from “Buy” on January 24, 2024 while assigning a price target range of $40-$29.

Over the week, RTO’s stock price is moving 7.82% up while it is 15.63% when we observe its performance for the past one month. Year-to-date it is 7.03% up and over the past year, the stock is showing a downside performance of -24.67%.

Currently, Rentokil Initial Plc. ADR’s total number of outstanding shares is 504.51M. Company’s return on investment (ROI) stands at 4.92% and return on equity (ROE) at 9.34%. It has a price to earnings ratio (P/E ratio) of 32.67 while having a 18.25 of forward P/E ratio. Stock’s beta reads 1.09. Stock has a price to book (P/B) ratio of 2.96 while price to sale or P/S ratio amounts to 2.30. Its return on asset (ROA) is 3.32% on average.