Reckitt Benckiser Group (LON:RKT) Reaches New 52-Week High – Here’s What Happened

Reckitt Benckiser Group plc (LON:RKT) shares hit a new 52-week high during trading on Thursday . The company traded as high as GBX 6,014 ($80.35) and last traded at GBX 5,876 ($78.50), with a volume of 3569094 shares changing hands. The stock had previously closed at GBX 5,876 ($78.50).

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on RKT shares. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 5,200 target price on shares of Reckitt Benckiser Group in a research report on Thursday, October 2nd. UBS Group restated a “buy” rating and set a GBX 7,700 target price on shares of Reckitt Benckiser Group in a research report on Friday, October 17th. Royal Bank Of Canada increased their target price on shares of Reckitt Benckiser Group from GBX 5,700 to GBX 6,000 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Berenberg Bank decreased their target price on shares of Reckitt Benckiser Group from GBX 5,920 to GBX 5,555 and set a “hold” rating on the stock in a research report on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 5,300 target price on shares of Reckitt Benckiser Group in a research report on Monday, July 21st. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of GBX 5,951.

Reckitt Benckiser Group Price Performance

The company has a current ratio of 0.69, a quick ratio of 0.46 and a debt-to-equity ratio of 110.26. The firm has a market cap of £39.60 billion, a price-to-earnings ratio of 32.20, a price-to-earnings-growth ratio of 1.10 and a beta of 0.09. The company’s 50-day moving average is GBX 5,659.02 and its 200-day moving average is GBX 5,257.60.

Reckitt Benckiser Group (LON:RKT) last issued its earnings results on Thursday, July 24th. The company reported GBX 141.20 earnings per share for the quarter. Reckitt Benckiser Group had a net margin of 10.78% and a return on equity of 18.70%. Equities research analysts predict that Reckitt Benckiser Group plc will post 331.2110727 earnings per share for the current year.

Insider Activity at Reckitt Benckiser Group

In related news, insider Tamara Ingram bought 293 shares of the business’s stock in a transaction on Wednesday, July 30th. The shares were purchased at an average price of GBX 5,626 per share, for a total transaction of £16,484.18. Also, insider Shannon Eisenhardt sold 1,798 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of GBX 5,654, for a total transaction of £101,658.92. Over the last three months, insiders have bought 2,212 shares of company stock worth $12,488,849. Corporate insiders own 0.42% of the company’s stock.

Reckitt Benckiser Group Company Profile

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.