Reckitt Benckiser Group (LON:RKT) Shares Up 2.6% – What’s Next?

Reckitt Benckiser Group plc (LON:RKT) shot up 2.6% during mid-day trading on Thursday . The company traded as high as GBX 6,300 and last traded at GBX 6,289. 4,216,770 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 8,225,884 shares. The stock had previously closed at GBX 6,127.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on RKT shares. Jefferies Financial Group upped their target price on Reckitt Benckiser Group from GBX 5,500 to GBX 5,700 and gave the company a “hold” rating in a research report on Wednesday, January 7th. JPMorgan Chase & Co. raised their price objective on Reckitt Benckiser Group from GBX 5,500 to GBX 6,100 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Citigroup assumed coverage on Reckitt Benckiser Group in a research report on Wednesday, January 14th. They issued a “buy” rating and a GBX 7,000 target price on the stock. UBS Group restated a “buy” rating and set a GBX 7,700 price objective on shares of Reckitt Benckiser Group in a research note on Friday, October 17th. Finally, Royal Bank Of Canada lowered shares of Reckitt Benckiser Group to a “sector perform” rating and lowered their price target for the company from GBX 6,400 to GBX 6,200 in a report on Wednesday, January 14th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of GBX 6,279.29.

Reckitt Benckiser Group Stock Performance

The firm’s fifty day moving average price is GBX 6,045.09 and its two-hundred day moving average price is GBX 5,810.57. The stock has a market capitalization of £41.26 billion, a PE ratio of 33.76, a price-to-earnings-growth ratio of 1.10 and a beta of 0.09. The company has a current ratio of 0.69, a quick ratio of 0.46 and a debt-to-equity ratio of 110.26.

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.