Reckitt Benckiser Group (LON:RKT) Stock Price Down 1.4%

Reckitt Benckiser Group plc (LON:RKT) dropped 1.4% during mid-day trading on Friday . The stock traded as low as GBX 4,495 ($59.38) and last traded at GBX 4,514 ($59.63). Approximately 5,141,905 shares were traded during mid-day trading, an increase of 44% from the average daily volume of 3,572,513 shares. The stock had previously closed at GBX 4,576 ($60.45).

Analysts Set New Price Targets

A number of brokerages have commented on RKT. Berenberg Bank lifted their price target on Reckitt Benckiser Group from GBX 5,100 ($67.37) to GBX 5,200 ($68.69) and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 4,400 ($58.12) target price on shares of Reckitt Benckiser Group in a research report on Monday, July 29th. Finally, JPMorgan Chase & Co. lowered shares of Reckitt Benckiser Group to a “neutral” rating in a research report on Friday, August 30th.

Reckitt Benckiser Group Price Performance

The firm has a market cap of £31.30 billion, a PE ratio of 2,080.18, a price-to-earnings-growth ratio of 2.37 and a beta of 0.09. The stock has a 50 day simple moving average of GBX 4,353.31 and a two-hundred day simple moving average of GBX 4,420.86. The company has a debt-to-equity ratio of 112.52, a quick ratio of 0.46 and a current ratio of 0.69.

Reckitt Benckiser Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 13th. Shareholders of record on Thursday, August 1st were given a GBX 80.40 ($1.06) dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a yield of 1.82%. Reckitt Benckiser Group’s dividend payout ratio is presently 9,032.26%.

About Reckitt Benckiser Group

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.