Insider Buying: Reckitt Benckiser Group (LON:RKT) Insider Buys 340 Shares of Stock

Reckitt Benckiser Group plc (LON:RKT) insider Marybeth Hays purchased 340 shares of Reckitt Benckiser Group stock in a transaction on Monday, June 1st. The stock was bought at an average price of GBX 4,585 per share, for a total transaction of £15,589.

Reckitt Benckiser Group Price Performance

Shares of Reckitt Benckiser Group stock traded down GBX 104 during trading hours on Monday, reaching GBX 4,487. The company’s stock had a trading volume of 1,419,032 shares, compared to its average volume of 21,340,066. The firm has a 50 day moving average price of GBX 4,887.65 and a 200-day moving average price of GBX 5,618.69. Reckitt Benckiser Group plc has a one year low of GBX 3,954 and a one year high of GBX 6,522.92. The company has a debt-to-equity ratio of 108.83, a current ratio of 0.85 and a quick ratio of 0.46. The stock has a market cap of £28.74 billion, a P/E ratio of 9.22, a P/E/G ratio of 1.10 and a beta of 0.25.

Reckitt Benckiser Group (LON:RKT) last posted its earnings results on Thursday, March 5th. The company reported £122.58 earnings per share for the quarter. Reckitt Benckiser Group had a net margin of 25.23% and a return on equity of 38.45%. On average, analysts predict that Reckitt Benckiser Group plc will post 331.2110727 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Citigroup reduced their target price on shares of Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Berenberg Bank reduced their target price on shares of Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating on the stock in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Reckitt Benckiser Group from GBX 5,460 to GBX 5,430 and set a “hold” rating on the stock in a report on Tuesday, April 28th. Jefferies Financial Group restated a “hold” rating and issued a GBX 5,600 target price on shares of Reckitt Benckiser Group in a report on Tuesday, May 12th. Finally, Royal Bank Of Canada reaffirmed a “neutral” rating and set a GBX 6,200 price target on shares of Reckitt Benckiser Group in a research note on Friday, May 15th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of GBX 6,204.29.

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.