Reckitt Benckiser Group (LON:RKT) Insider Acquires £9,899.53 in Stock

Reckitt Benckiser Group plc (LON:RKT) insider Gavin Patterson purchased 191 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were acquired at an average price of GBX 5,183 per share, for a total transaction of £9,899.53.

Reckitt Benckiser Group Stock Performance

Shares of RKT stock opened at GBX 5,132 on Monday. The business’s 50 day simple moving average is GBX 5,077.58 and its 200 day simple moving average is GBX 5,136.60. The stock has a market capitalization of £32.59 billion, a PE ratio of 11.62, a PEG ratio of 1.10 and a beta of 0.26. The company has a debt-to-equity ratio of 179.24, a current ratio of 0.59 and a quick ratio of 0.46. Reckitt Benckiser Group plc has a one year low of GBX 3,866 and a one year high of GBX 6,522.92.

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

Analyst Ratings Changes

Several research analysts recently issued reports on RKT shares. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 5,900 target price on shares of Reckitt Benckiser Group in a research report on Wednesday, July 29th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 6,200 price target on shares of Reckitt Benckiser Group in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 5,400 price objective on shares of Reckitt Benckiser Group in a report on Thursday, July 30th. Finally, Berenberg Bank increased their price objective on Reckitt Benckiser Group from GBX 5,179 to GBX 5,352 and gave the company a “hold” rating in a research report on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Reckitt Benckiser Group has a consensus rating of “Hold” and a consensus target price of GBX 6,121.71.

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.