Reckitt Benckiser Group (LON:RKT) Reaches New 52-Week Low – Time to Sell?

Reckitt Benckiser Group plc (LON:RKT)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as GBX 4,573 and last traded at GBX 4,587, with a volume of 15212000 shares changing hands. The stock had previously closed at GBX 4,671.

Analyst Ratings Changes

RKT has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on Reckitt Benckiser Group from GBX 5,460 to GBX 5,430 and set a “hold” rating for the company in a research note on Tuesday, April 28th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 6,200 target price on shares of Reckitt Benckiser Group in a research note on Thursday, April 23rd. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 5,600 target price on shares of Reckitt Benckiser Group in a research note on Friday, April 24th. Citigroup dropped their target price on Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Finally, Berenberg Bank dropped their target price on Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating for the company in a research note on Friday, April 24th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Reckitt Benckiser Group currently has a consensus rating of “Hold” and an average price target of GBX 6,204.29.

Reckitt Benckiser Group Price Performance

The company has a market capitalization of £29.03 billion, a price-to-earnings ratio of 9.31, a price-to-earnings-growth ratio of 1.10 and a beta of 0.25. The company has a quick ratio of 0.46, a current ratio of 0.85 and a debt-to-equity ratio of 108.83. The company has a 50 day simple moving average of GBX 5,247.64 and a 200 day simple moving average of GBX 5,755.58.

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

Insider Buying and Selling

In other Reckitt Benckiser Group news, insider Kris Licht sold 5,435 shares of the company’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of GBX 4,753, for a total transaction of £258,325.55. 0.44% of the stock is owned by corporate insiders.

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.