Reckitt Benckiser Group (LON:RKT) Trading Up 0.8% – Here’s Why

Shares of Reckitt Benckiser Group plc (LON:RKT) were up 0.8% on Thursday . The stock traded as high as GBX 5,840 and last traded at GBX 5,824. Approximately 2,380,901 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 3,856,104 shares. The stock had previously closed at GBX 5,778.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RKT. Jefferies Financial Group reiterated a “hold” rating and set a GBX 5,200 price objective on shares of Reckitt Benckiser Group in a research report on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Reckitt Benckiser Group from GBX 5,600 to GBX 5,700 and gave the company a “buy” rating in a report on Friday, October 24th. Berenberg Bank decreased their price target on shares of Reckitt Benckiser Group from GBX 5,920 to GBX 5,555 and set a “hold” rating on the stock in a research note on Wednesday, August 6th. Royal Bank Of Canada raised their price objective 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. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 7,700 target price on shares of Reckitt Benckiser Group in a report on Friday, October 17th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 6,111.

Reckitt Benckiser Group Stock Up 1.4%

The firm has a market capitalization of £39.85 billion, a PE ratio of 32.46, a PEG ratio of 1.10 and a beta of 0.09. The business’s 50 day simple moving average is GBX 5,770.17 and its 200 day simple moving average is GBX 5,417.74. The company has a current ratio of 0.69, a quick ratio of 0.46 and a debt-to-equity ratio of 110.26.

Insider Activity at Reckitt Benckiser Group

In related news, insider Patricia Verduin acquired 135 shares of Reckitt Benckiser Group stock in a transaction on 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. Insiders own 0.42% of the company’s stock.

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.