Reckitt Benckiser Group (LON:RKT) Trading Up 0.2% – What’s Next?

Reckitt Benckiser Group plc (LON:RKT)’s stock price rose 0.2% during mid-day trading on Wednesday . The stock traded as high as GBX 5,214 and last traded at GBX 5,158. Approximately 845,985 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 23,578,658 shares. The stock had previously closed at GBX 5,150.

Analyst Upgrades and Downgrades

RKT has been the topic of several analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 6,200 price target on shares of Reckitt Benckiser Group in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 5,400 price objective on shares of Reckitt Benckiser Group in a report on Thursday, July 30th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 5,900 target price on shares of Reckitt Benckiser Group in a research note on Wednesday, July 29th. Finally, Berenberg Bank boosted their target price on shares of Reckitt Benckiser Group from GBX 5,179 to GBX 5,352 and gave the company a “hold” rating in a report on Wednesday, August 5th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Reckitt Benckiser Group presently has an average rating of “Hold” and a consensus price target of GBX 6,121.71.

Reckitt Benckiser Group Stock Performance

The company has a debt-to-equity ratio of 179.24, a current ratio of 0.59 and a quick ratio of 0.46. The company has a market cap of £32.59 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 1.10 and a beta of 0.26. The firm has a 50 day simple moving average of GBX 5,067.22 and a 200-day simple moving average of GBX 5,145.53.

Reckitt Benckiser Group (LON:RKT) last announced its quarterly earnings results on Wednesday, July 29th. The company reported GBX 101.40 EPS for the quarter. Reckitt Benckiser Group had a return on equity of 42.87% and a net margin of 21.09%. As a group, analysts predict that Reckitt Benckiser Group plc will post 331.2110727 EPS for the current fiscal year.

Insider Transactions at Reckitt Benckiser Group

In related news, insider Deepak Nath bought 257 shares of the stock in a transaction on Tuesday, June 23rd. The stock was bought at an average price of GBX 4,650 per share, with a total value of £11,950.50. Also, insider Gavin Patterson purchased 191 shares of the company’s stock in a transaction on Wednesday, August 26th. The shares were bought at an average price of GBX 5,183 per share, with a total value of £9,899.53. Insiders bought 1,372 shares of company stock worth $23,195,031 in the last 90 days. Insiders own 0.45% of the company’s stock.

Reckitt Benckiser Group Company Profile

At Reckitt, we protect, heal and nurture. We are the company behind some of the world’s best known and most trusted Health and Hygiene consumer brands.

Delivering for a cleaner, healthier world requires strong brands with a global footprint. From Dettol, Lysol, Durex, Finish, Harpic and Vanish, Mucinex, Nurofen, Gaviscon, Veet and Strepsils, consumers love and rely on our brands to care for their families, as they have done for over 200 years.

We use our scientific expertise and deep human understanding to develop solutions to help people improve their lives – that is why over 30 million Reckitt products are sold each day worldwide.

At Reckitt, we’re all making a real difference to people all over the world, every day.