Reckitt Benckiser Group (LON:RKT) PT Lowered to GBX 5,177

Reckitt Benckiser Group (LON:RKT) had its price objective dropped by equities researchers at Berenberg Bank from GBX 5,200 ($67.51) to GBX 5,177 ($67.22) in a research note issued to investors on Wednesday, Digital Look reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 5.35% from the stock’s previous close.

Several other equities research analysts also recently weighed in on RKT. Jefferies Financial Group restated a “hold” rating and set a GBX 4,400 ($57.13) price target on shares of Reckitt Benckiser Group in a report on Monday, July 29th. JPMorgan Chase & Co. downgraded Reckitt Benckiser Group to a “neutral” rating in a report on Friday, August 30th.

Reckitt Benckiser Group Trading Down 0.8 %

Shares of RKT stock traded down GBX 39 ($0.51) on Wednesday, hitting GBX 4,914 ($63.80). The stock had a trading volume of 5,616,036 shares, compared to its average volume of 3,350,245. The company’s 50 day moving average price is GBX 4,532.62 and its 200-day moving average price is GBX 4,420.32. The company has a debt-to-equity ratio of 112.52, a current ratio of 0.69 and a quick ratio of 0.46. Reckitt Benckiser Group has a 1 year low of GBX 4,034 ($52.38) and a 1 year high of GBX 5,950 ($77.25). The firm has a market capitalization of £33.96 billion, a P/E ratio of 2,275.58, a P/E/G ratio of 1.10 and a beta of 0.09.

Insider Activity

In other Reckitt Benckiser Group news, insider Fiona Dawson acquired 25 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were acquired at an average price of GBX 4,923 ($63.92) per share, for a total transaction of £1,230.75 ($1,597.96). Company insiders own 0.05% of the company’s stock.

Reckitt Benckiser Group Company Profile

Reckitt Benckiser Group plc manufactures and sells health, hygiene, and nutrition products worldwide. It offers acne treatment creams, facial washes, and cleansing pads; germ protection products; condoms; heartburn and indigestion solutions; joints health products; chest congestion, cough, and sinus remedies; brain health products; migraine-headaches and rheumatic pain products; sore throat medications; and hair removal products under the Airborne, Clearasil, Dettol, Durex, Gaviscon, Move Free, Neuriva, Nurofen, Mucinex, Strepsils, and Veet brands.