Reckitt Benckiser Group (LON:RKT) Stock Price Down 1.1% – Here’s Why

Reckitt Benckiser Group plc (LON:RKT)’s share price was down 1.1% on Friday . The stock traded as low as GBX 4,600 ($60.20) and last traded at GBX 4,626 ($60.54). Approximately 910,732 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 3,421,452 shares. The stock had previously closed at GBX 4,676 ($61.20).

Analyst Ratings Changes

RKT has been the topic of a number of recent analyst reports. Jefferies Financial Group reiterated a “hold” rating and set a GBX 4,400 ($57.58) price target on shares of Reckitt Benckiser Group in a research report on Monday, July 29th. JPMorgan Chase & Co. lowered Reckitt Benckiser Group to a “neutral” rating in a research report on Friday, August 30th. Finally, Berenberg Bank boosted their price target on shares of Reckitt Benckiser Group from GBX 5,100 ($66.75) to GBX 5,200 ($68.05) and gave the stock a “hold” rating in a report on Wednesday, July 24th.

Reckitt Benckiser Group Trading Down 1.1 %

The company has a 50 day moving average of GBX 4,440.06 and a 200 day moving average of GBX 4,399.18. The company has a debt-to-equity ratio of 112.52, a quick ratio of 0.46 and a current ratio of 0.69. The stock has a market capitalization of £32.03 billion, a price-to-earnings ratio of 2,131.80, a P/E/G ratio of 2.41 and a beta of 0.09.

Reckitt Benckiser Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, September 13th. Stockholders of record on Thursday, August 1st were paid a GBX 80.40 ($1.05) dividend. This represents a dividend yield of 1.82%. The ex-dividend date was Thursday, August 1st. Reckitt Benckiser Group’s dividend payout ratio is currently 9,032.26%.

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.