Reckitt Benckiser Group (LON:RKT) Trading Up 2.2% – Still a Buy?

Shares of Reckitt Benckiser Group plc (LON:RKT) rose 2.2% on Friday . The stock traded as high as GBX 4,868 ($61.03) and last traded at GBX 4,847 ($60.76). Approximately 1,886,302 shares were traded during trading, a decline of 41% from the average daily volume of 3,203,260 shares. The stock had previously closed at GBX 4,741 ($59.43).

Analysts Set New Price Targets

Several brokerages have recently commented on RKT. JPMorgan Chase & Co. cut shares of Reckitt Benckiser Group to a “neutral” rating in a research report on Friday, August 30th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 4,400 ($55.16) target price on shares of Reckitt Benckiser Group in a report on Monday, July 29th. Finally, Berenberg Bank decreased their target price on Reckitt Benckiser Group from GBX 5,200 ($65.19) to GBX 5,177 ($64.90) and set a “hold” rating for the company in a research report on Wednesday, October 23rd.

Reckitt Benckiser Group Trading Up 2.2 %

The company has a quick ratio of 0.46, a current ratio of 0.69 and a debt-to-equity ratio of 112.52. The firm’s 50 day moving average is GBX 4,714.96 and its two-hundred day moving average is GBX 4,495.23. The stock has a market cap of £33.50 billion, a price-to-earnings ratio of 2,233.64, a price-to-earnings-growth ratio of 1.10 and a beta of 0.09.

Insider Activity at Reckitt Benckiser Group

In other news, insider Fiona Dawson bought 25 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was purchased at an average price of GBX 4,923 ($61.71) per share, for a total transaction of £1,230.75 ($1,542.87). 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.