Gavin Patterson Acquires 191 Shares of Reckitt Benckiser Group (LON:RKT) Stock

Reckitt Benckiser Group plc (LON:RKT) insider Gavin Patterson bought 191 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was purchased at an average price of GBX 5,183 per share, with a total value of £9,899.53.

Reckitt Benckiser Group Stock Performance

Shares of RKT traded up GBX 18 during mid-day trading on Friday, reaching GBX 5,134. 15,331,688 shares of the company’s stock traded hands, compared to its average volume of 23,399,000. The business’s 50-day moving average price is GBX 5,067.22 and its 200-day moving average price is GBX 5,145.53. The stock has a market capitalization of £32.60 billion, a P/E ratio of 11.62, a price-to-earnings-growth ratio of 1.10 and a beta of 0.26. The company has a debt-to-equity ratio of 179.24, a quick ratio of 0.46 and a current ratio of 0.59. Reckitt Benckiser Group plc has a 12 month low of GBX 3,866 and a 12 month high of GBX 6,522.92.

Reckitt Benckiser Group (LON:RKT) last issued its quarterly earnings data on Wednesday, July 29th. The company reported GBX 101.40 earnings per share (EPS) for the quarter. Reckitt Benckiser Group had a return on equity of 42.87% and a net margin of 21.09%. Equities analysts predict that Reckitt Benckiser Group plc will post 331.2110727 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on RKT shares. Berenberg Bank increased their price target on Reckitt Benckiser Group from GBX 5,179 to GBX 5,352 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 5,400 price objective on shares of Reckitt Benckiser Group in a research note on Thursday, July 30th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 5,900 price objective on shares of Reckitt Benckiser Group in a report on Wednesday, July 29th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 6,200 target price on shares of Reckitt Benckiser Group in a research note on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 6,121.71.

About Reckitt Benckiser Group

At Reckitt, we protect, heal and nurture. We are the company behind some of the world’s best known and most trusted Health and Hygiene consumer brands.

Delivering for a cleaner, healthier world requires strong brands with a global footprint. From Dettol, Lysol, Durex, Finish, Harpic and Vanish, Mucinex, Nurofen, Gaviscon, Veet and Strepsils, consumers love and rely on our brands to care for their families, as they have done for over 200 years.

We use our scientific expertise and deep human understanding to develop solutions to help people improve their lives – that is why over 30 million Reckitt products are sold each day worldwide.

At Reckitt, we’re all making a real difference to people all over the world, every day.