Berenberg Bank Lowers Reckitt Benckiser Group (LON:RKT) Price Target to GBX 5,177

Reckitt Benckiser Group (LON:RKT) had its price target cut by analysts at Berenberg Bank from GBX 5,200 ($67.51) to GBX 5,177 ($67.22) in a research note issued to investors on Wednesday, MarketBeat reports. The firm currently has a “hold” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 6.50% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. downgraded shares of Reckitt Benckiser Group to a “neutral” rating in a report on Friday, August 30th. 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 research note on Monday, July 29th.

Reckitt Benckiser Group Trading Down 1.9 %

Shares of LON:RKT opened at GBX 4,861 ($63.11) on Wednesday. The business’s 50-day moving average is GBX 4,532.62 and its 200 day moving average 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 £33.60 billion, a P/E ratio of 2,261.29, a P/E/G ratio of 1.10 and a beta of 0.09.

Insider Activity at Reckitt Benckiser Group

In other Reckitt Benckiser Group news, insider Fiona Dawson purchased 25 shares of Reckitt Benckiser Group stock in a transaction on Wednesday, October 23rd. The stock was bought at an average cost of GBX 4,923 ($63.92) per share, with a total value of £1,230.75 ($1,597.96). 0.05% of the stock is owned by insiders.

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.