Christopher Sinclair Purchases 1,076 Shares of Reckitt Benckiser Group Plc (RB) Stock
Reckitt Benckiser Group Plc (LON:RB) insider Christopher Sinclair purchased 1,076 shares of Reckitt Benckiser Group stock in a transaction dated Thursday, May 23rd. The shares were acquired at an average cost of GBX 6,375 ($83.30) per share, for a total transaction of £68,595 ($89,631.52).
Reckitt Benckiser Group stock opened at GBX 6,413 ($83.80) on Friday. Reckitt Benckiser Group Plc has a 1-year low of GBX 5,559 ($72.64) and a 1-year high of GBX 7,174 ($93.74). The company has a debt-to-equity ratio of 80.49, a quick ratio of 0.47 and a current ratio of 0.65. The firm has a market capitalization of $45.40 billion and a price-to-earnings ratio of 21.04.
Several analysts have recently issued reports on the company. Deutsche Bank set a GBX 8,000 ($104.53) price objective on Reckitt Benckiser Group and gave the company a “buy” rating in a research note on Thursday, April 11th. Barclays started coverage on Reckitt Benckiser Group in a research report on Tuesday, March 26th. They issued an “overweight” rating and a GBX 7,500 ($98.00) price target on the stock. Berenberg Bank increased their price target on Reckitt Benckiser Group from GBX 7,450 ($97.35) to GBX 7,550 ($98.65) and gave the company a “buy” rating in a research report on Tuesday, February 26th. UBS Group set a GBX 6,300 ($82.32) price target on Reckitt Benckiser Group and gave the company a “neutral” rating in a research report on Monday, February 25th. Finally, JPMorgan Chase & Co. set a GBX 9,000 ($117.60) price target on Reckitt Benckiser Group and gave the company a “buy” rating in a research report on Monday, February 25th. Three analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company’s stock. Reckitt Benckiser Group presently has an average rating of “Hold” and a consensus price target of GBX 7,117.78 ($93.01).
Reckitt Benckiser Group plc manufactures, markets, and sells health, hygiene, and home products. The company offers acne treatment creams, facial washes, and cleansing pads; disinfection, hygiene, and first aid products; condoms, sex toys, and lubricants; heartburn and indigestion solutions; and cough and chest congestion, multi-symptom, and sinus remedies for adults and children under the Clearasil, Dettol, Durex, Gaviscon, and Mucinex brands.
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