Reckitt Benckiser Group plc (LON:RKT – Get Free Report)’s stock price crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of GBX 5,247 and traded as low as GBX 5,052. Reckitt Benckiser Group shares last traded at GBX 5,214.38, with a volume of 256,517,016 shares trading hands.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on RKT shares. Deutsche Bank Aktiengesellschaft reiterated 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 decreased their price objective on shares of Reckitt Benckiser Group from GBX 6,100 to GBX 5,900 and set a “buy” rating on the stock in a research report on Thursday, October 1st. JPMorgan Chase & Co. boosted their target price on Reckitt Benckiser Group from GBX 5,800 to GBX 6,500 and gave the company an “overweight” rating in a research note on Tuesday, September 1st. Berenberg Bank increased their price target on shares of Reckitt Benckiser Group from GBX 5,179 to GBX 5,352 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 6,200 price objective on shares of Reckitt Benckiser Group in a research report on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 5,925.33.
View Our Latest Stock Analysis on RKT
Reckitt Benckiser Group Stock Performance
The company has a debt-to-equity ratio of 179.24, a quick ratio of 0.46 and a current ratio of 0.59. The business’s 50-day moving average price is GBX 5,141.56 and its 200-day moving average price is GBX 5,247. The stock has a market cap of £33.05 billion, a P/E ratio of 11.81, a P/E/G ratio of 1.10 and a beta of 0.26.
Reckitt Benckiser Group (LON:RKT – Get Free Report) last posted its quarterly earnings data 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, sell-side analysts expect that Reckitt Benckiser Group plc will post 331.21 earnings per share for the current fiscal year.
Insider Buying and Selling at Reckitt Benckiser Group
In other news, insider Deborah Waterhouse acquired 152 shares of Reckitt Benckiser Group stock in a transaction on Wednesday, August 26th. The shares were acquired at an average price of GBX 5,189 per share, with a total value of £7,887.28. Also, insider Gavin Patterson purchased 191 shares of Reckitt Benckiser Group stock in a transaction that occurred on Wednesday, August 26th. The stock was acquired at an average price of GBX 5,183 per share, for a total transaction of £9,899.53. 0.44% of the stock is currently owned by insiders.
About Reckitt Benckiser Group
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.
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