Reckitt Benckiser Group (LON:RKT) Trading 0.2% Higher – What’s Next?

Reckitt Benckiser Group plc (LON:RKT)’s share price shot up 0.2% during mid-day trading on Wednesday . The stock traded as high as GBX 5,214 and last traded at GBX 5,158. 845,985 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 23,578,658 shares. The stock had previously closed at GBX 5,150.

Wall Street Analyst Weigh In

Several brokerages have weighed in on RKT. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 5,400 price target on shares of Reckitt Benckiser Group in a report on Thursday, July 30th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 5,900 price objective on shares of Reckitt Benckiser Group in a research note on Wednesday, July 29th. Royal Bank Of Canada restated 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. Finally, Berenberg Bank lifted their target price on shares of Reckitt Benckiser Group from GBX 5,179 to GBX 5,352 and gave the company a “hold” rating in a research note on Wednesday, August 5th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of GBX 6,121.71.

Reckitt Benckiser Group Stock Performance

The firm’s 50-day moving average price is GBX 5,056.15 and its 200-day moving average price is GBX 5,154.73. The company has a debt-to-equity ratio of 179.24, a current ratio of 0.59 and a quick ratio of 0.46. The stock has a market cap of £32.76 billion, a P/E ratio of 11.68, a PEG ratio of 1.10 and a beta of 0.26.

Reckitt Benckiser Group (LON:RKT) last issued its earnings results on Wednesday, July 29th. The company reported GBX 101.40 earnings per share for the quarter. Reckitt Benckiser Group had a net margin of 21.09% and a return on equity of 42.87%. Sell-side analysts expect that Reckitt Benckiser Group plc will post 331.2110727 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Shannon Eisenhardt acquired 432 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was purchased at an average price of £432 per share, for a total transaction of £186,624. Also, insider Deepak Nath acquired 257 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were purchased at an average price of GBX 4,650 per share, with a total value of £11,950.50. Insiders have purchased a total of 1,029 shares of company stock worth $21,416,350 in the last 90 days. 0.45% of the stock is currently owned by corporate 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.