Reckitt Benckiser Group (LON:RKT) Stock Price Up 0.5% – Here’s What Happened

Posted by Alanna Baker on Jan 4th, 2025

Reckitt Benckiser Group plc (LON:RKT – Get Free Report)’s share price rose 0.5% during mid-day trading on Thursday . The company traded as high as GBX 4,890 ($60.75) and last traded at GBX 4,858.61 ($60.36). Approximately 469,236 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 3,023,673 shares. The stock had previously closed at GBX 4,833 ($60.04).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reduced their price target on Reckitt Benckiser Group from GBX 5,200 ($64.60) to GBX 5,177 ($64.31) and set a “hold” rating for the company in a research report on Wednesday, October 23rd.

Get Our Latest Analysis on Reckitt Benckiser Group

Reckitt Benckiser Group Stock Up 0.2 %

The company has a current ratio of 0.69, a quick ratio of 0.46 and a debt-to-equity ratio of 112.52. The stock has a market cap of £33.65 billion, a P/E ratio of 2,243.78, a PEG ratio of 1.10 and a beta of 0.09. The firm has a 50-day simple moving average of GBX 4,822.18 and a two-hundred day simple moving average of GBX 4,565.42.

Insider Buying and Selling

In related news, insider Shannon Eisenhardt sold 1,368 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of GBX 4,723 ($58.67), for a total value of £64,610.64 ($80,261.66). Also, insider Fiona Dawson acquired 25 shares of the stock in a transaction on Wednesday, October 23rd. The shares were bought at an average price of GBX 4,923 ($61.16) per share, for a total transaction of £1,230.75 ($1,528.88). 0.05% of the stock is owned by insiders.

About Reckitt Benckiser Group

(Get Free Report)

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.