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

Shares of Reckitt Benckiser Group plc (LON:RKT) rose 0.5% during mid-day trading on Thursday . The company traded as high as GBX 4,890 ($60.53) and last traded at GBX 4,858.61 ($60.14). 469,236 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 3,023,673 shares. The stock had previously closed at GBX 4,833 ($59.82).

Analysts Set New Price Targets

Separately, Berenberg Bank lowered their price objective on Reckitt Benckiser Group from GBX 5,200 ($64.36) to GBX 5,177 ($64.08) and set a “hold” rating on the stock in a research note on Wednesday, October 23rd.

Reckitt Benckiser Group Price Performance

The company has a debt-to-equity ratio of 112.52, a current ratio of 0.69 and a quick ratio of 0.46. The firm has a market capitalization of £33.58 billion, a P/E ratio of 2,238.99, a PEG ratio of 1.10 and a beta of 0.09. The company’s 50 day moving average price is GBX 4,823.91 and its 200 day moving average price is GBX 4,561.22.

Insider Activity

In other news, insider Fiona Dawson purchased 25 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were acquired at an average cost of GBX 4,923 ($60.94) per share, for a total transaction of £1,230.75 ($1,523.39). Also, insider Shannon Eisenhardt sold 1,368 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of GBX 4,723 ($58.46), for a total transaction of £64,610.64 ($79,973.56). 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.