Reckitt Benckiser Group Plc (LON:RB)’s share price was up 1.5% during trading on Friday . The company traded as high as GBX 6,928 ($92.63) and last traded at GBX 6,919 ($92.51). Approximately 633,906 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 1,440,000 shares. The stock had previously closed at GBX 6,816 ($91.14).
A number of equities research analysts have issued reports on the company. Barclays reiterated an “equal weight” rating and issued a GBX 6,600 ($88.25) price target (down previously from GBX 7,100 ($94.93)) on shares of Reckitt Benckiser Group in a research note on Monday, November 27th. Royal Bank of Canada set a GBX 5,600 ($74.88) price target on Reckitt Benckiser Group and gave the stock a “sell” rating in a research note on Friday, October 20th. Liberum Capital cut their price target on Reckitt Benckiser Group from GBX 8,700 ($116.33) to GBX 8,000 ($106.97) and set a “buy” rating for the company in a research note on Wednesday, October 25th. Kepler Capital Markets cut their price target on Reckitt Benckiser Group from GBX 7,800 ($104.29) to GBX 7,300 ($97.61) and set a “hold” rating for the company in a research note on Monday, October 9th. Finally, Deutsche Bank reiterated a “buy” rating and issued a GBX 8,500 ($113.65) price target on shares of Reckitt Benckiser Group in a research note on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of GBX 7,723.64 ($103.27).
The firm has a market cap of $48,070.00 and a P/E ratio of 2,314.05.
In other news, insider Christopher Sinclair acquired 2,800 shares of Reckitt Benckiser Group stock in a transaction on Wednesday, November 1st. The stock was purchased at an average price of GBX 6,597 ($88.21) per share, with a total value of £184,716 ($246,979.54). Also, insider Adrian Nevil Hennah acquired 2,285 shares of Reckitt Benckiser Group stock in a transaction on Wednesday, November 8th. The stock was purchased at an average cost of GBX 6,567 ($87.81) per share, with a total value of £150,055.95 ($200,636.38).
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About Reckitt Benckiser Group
Reckitt Benckiser Group plc is a manufacturer and marketer of health, hygiene and home products. The Company’s segments include ENA and DvM. The ENA segment consists of Europe, Russia/Commonwealth of Independent States (CIS), Israel, North America, Australia and New Zealand. The DvM segment consists of North Africa, Middle East (excluding Israel) and Turkey, Africa, South Asia, North Asia, Latin America, Japan, Korea and the Association of Southeast Asian Nations (ASEAN).
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