Reckitt Benckiser Group (LON:RKT) Trading 0.8% Higher

Shares of Reckitt Benckiser Group plc (LON:RKT) traded up 0.8% during mid-day trading on Monday . The company traded as high as GBX 5,763 ($75.29) and last traded at GBX 5,730 ($74.86). 674,211 shares traded hands during trading, a decline of 36% from the average session volume of 1,046,146 shares. The stock had previously closed at GBX 5,684 ($74.26).

A number of equities research analysts have issued reports on the stock. Berenberg Bank decreased their price target on shares of Reckitt Benckiser Group from GBX 8,500 ($111.05) to GBX 7,870 ($102.82) and set a “buy” rating for the company in a report on Tuesday, July 27th. JPMorgan Chase & Co. decreased their price target on shares of Reckitt Benckiser Group from GBX 9,000 ($117.59) to GBX 8,500 ($111.05) and set an “overweight” rating for the company in a report on Wednesday, July 28th. Credit Agricole decreased their price target on shares of Reckitt Benckiser Group from GBX 7,800 ($101.91) to GBX 7,100 ($92.76) and set an “outperform” rating for the company in a report on Wednesday, July 28th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Reckitt Benckiser Group from GBX 8,000 ($104.52) to GBX 7,200 ($94.07) and set a “buy” rating for the company in a research note on Wednesday, July 28th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a GBX 7,800 ($101.91) target price on shares of Reckitt Benckiser Group in a research note on Monday, June 7th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 7,424.29 ($97.00).

The firm has a market capitalization of £41.98 billion and a PE ratio of -26.02. The business has a 50-day moving average price of GBX 5,870.82. The company has a current ratio of 0.72, a quick ratio of 0.36 and a debt-to-equity ratio of 161.71.

The company also recently disclosed a dividend, which will be paid on Wednesday, September 15th. Stockholders of record on Thursday, August 5th will be issued a dividend of GBX 73 ($0.95) per share. This represents a dividend yield of 1.28%. The ex-dividend date is Thursday, August 5th. Reckitt Benckiser Group’s payout ratio is -0.77%.

In related news, insider Pamela Kirby purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, August 3rd. The stock was acquired at an average price of GBX 5,692 ($74.37) per share, with a total value of £56,920 ($74,366.34). Also, insider Elane Stock purchased 241 shares of the stock in a transaction that occurred on Tuesday, July 27th. The stock was bought at an average cost of GBX 5,706 ($74.55) per share, with a total value of £13,751.46 ($17,966.37).

About Reckitt Benckiser Group (LON:RKT)

Reckitt Benckiser Group plc manufactures, markets, and sells health, hygiene, and nutrition products in the United Kingdom, the United States, China, and internationally. The company offers acne treatment creams, facial washes, and cleansing pads; disinfection, hygiene, and first aid products; condoms, sex toys, and lubricants; heartburn and indigestion solutions; and cough and chest congestion, multi-symptom, and sinus remedies for adults and children under the Clearasil, Dettol, Durex, Gaviscon, and Mucinex brands.

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