Reckitt Benckiser Group (LON:RKT) Earns “Hold” Rating from Jefferies Financial Group

Jefferies Financial Group reissued their hold rating on shares of Reckitt Benckiser Group (LON:RKT) in a research report sent to investors on Monday, Marketbeat reports. They currently have a GBX 4,400 ($56.60) price target on the stock.

Several other brokerages have also recently issued reports on RKT. Berenberg Bank lifted their target price on Reckitt Benckiser Group from GBX 5,100 ($65.60) to GBX 5,200 ($66.89) and gave the company a hold rating in a research report on Wednesday, July 24th. HSBC reaffirmed a hold rating on shares of Reckitt Benckiser Group in a research report on Thursday, April 18th.

Reckitt Benckiser Group Stock Up 0.0 %

Shares of LON:RKT opened at GBX 4,098 ($52.71) on Monday. The stock has a market cap of £28.86 billion, a price-to-earnings ratio of 1,805.29, a PEG ratio of 1.64 and a beta of 0.06. The company has a quick ratio of 0.46, a current ratio of 0.64 and a debt-to-equity ratio of 100.80. Reckitt Benckiser Group has a 12-month low of GBX 4,034 ($51.89) and a 12-month high of GBX 6,006 ($77.26). The business’s 50 day moving average is GBX 4,361.67 and its 200 day moving average is GBX 4,737.54.

Reckitt Benckiser Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, September 13th. Investors of record on Thursday, August 1st will be issued a dividend of GBX 80.40 ($1.03) per share. The ex-dividend date of this dividend is Thursday, August 1st. This represents a yield of 1.82%. Reckitt Benckiser Group’s dividend payout ratio (DPR) is currently 8,502.20%.

Insider Buying and Selling

In other Reckitt Benckiser Group news, insider Tamara Ingram purchased 350 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were acquired at an average cost of GBX 4,509 ($58.00) per share, for a total transaction of £15,781.50 ($20,300.36). 0.07% of the stock is currently owned by corporate insiders.

About Reckitt Benckiser Group

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.