Reckitt Benckiser Group (LON:RKT) Hits New 52-Week High – Time to Buy?

Reckitt Benckiser Group plc (LON:RKT)’s stock price hit a new 52-week high on Friday . The company traded as high as GBX 6,078 and last traded at GBX 6,066, with a volume of 11546353 shares traded. The stock had previously closed at GBX 6,024.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. UBS Group reiterated a “buy” rating and issued a GBX 7,700 price objective on shares of Reckitt Benckiser Group in a report on Friday, October 17th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 5,200 price target on shares of Reckitt Benckiser Group in a research note on Thursday, October 2nd. Royal Bank Of Canada lifted their price target on Reckitt Benckiser Group from GBX 6,000 to GBX 6,400 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their price objective on Reckitt Benckiser Group from GBX 5,600 to GBX 5,700 and gave the stock a “buy” rating in a research note on Friday, October 24th. Finally, JPMorgan Chase & Co. raised their target price on Reckitt Benckiser Group from GBX 5,500 to GBX 6,100 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 6,109.17.

Reckitt Benckiser Group Price Performance

The company has a fifty day simple moving average of GBX 5,881.87 and a 200-day simple moving average of GBX 5,555.90. The company has a market cap of £40.81 billion, a P/E ratio of 33.31, a PEG ratio of 1.10 and a beta of 0.09. The company has a debt-to-equity ratio of 110.26, a current ratio of 0.69 and a quick ratio of 0.46.

Insider Activity

In related news, insider Patricia Verduin bought 135 shares of the business’s stock in a transaction dated Wednesday, October 29th. The shares were bought at an average cost of GBX 5,867 per share, with a total value of £7,920.45. 0.42% of the stock is 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.