Shannon Eisenhardt Buys 432 Shares of Reckitt Benckiser Group (LON:RKT) Stock

Reckitt Benckiser Group plc (LON:RKT) insider Shannon Eisenhardt bought 432 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was purchased at an average cost of £432 per share, with a total value of £186,624.

Reckitt Benckiser Group Stock Performance

Shares of RKT traded up GBX 28 during midday trading on Tuesday, reaching GBX 4,640. The stock had a trading volume of 157,970,797 shares, compared to its average volume of 24,109,516. The company has a current ratio of 0.85, a quick ratio of 0.46 and a debt-to-equity ratio of 108.83. The firm has a 50 day simple moving average of GBX 4,760.83 and a 200-day simple moving average of GBX 5,516.77. The firm has a market cap of £29.54 billion, a PE ratio of 9.53, a P/E/G ratio of 1.10 and a beta of 0.25. Reckitt Benckiser Group plc has a one year low of GBX 3,866 and a one year high of GBX 6,522.92.

Wall Street Analysts Forecast Growth

RKT has been the subject of several research analyst reports. Royal Bank Of Canada reiterated a “neutral” rating and set a GBX 6,200 target price on shares of Reckitt Benckiser Group in a research note on Friday, May 15th. Citigroup reduced their price objective on shares of Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft cut their target price on shares of Reckitt Benckiser Group from GBX 5,460 to GBX 5,430 and set a “hold” rating for the company in a research note on Tuesday, April 28th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 5,600 price target on shares of Reckitt Benckiser Group in a research note on Tuesday. Finally, Berenberg Bank cut their price objective on shares of Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating for the company in a research report on Friday, April 24th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 6,204.29.

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.