Reckitt Benckiser Group (LON:RKT) Trading 2.6% Higher – Still a Buy?

Reckitt Benckiser Group plc (LON:RKT)’s share price shot up 2.6% on Thursday . The company traded as high as GBX 6,300 and last traded at GBX 6,289. 4,216,770 shares were traded during mid-day trading, a decline of 49% from the average session volume of 8,225,884 shares. The stock had previously closed at GBX 6,127.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Jefferies Financial Group boosted their target price on Reckitt Benckiser Group from GBX 5,500 to GBX 5,700 and gave the company a “hold” rating in a research report on Wednesday, January 7th. Citigroup started coverage on Reckitt Benckiser Group in a report on Wednesday, January 14th. They set a “buy” rating and a GBX 7,000 price objective for the company. Royal Bank Of Canada downgraded Reckitt Benckiser Group to a “sector perform” rating and cut their price objective for the company from GBX 6,400 to GBX 6,200 in a research report on Wednesday, January 14th. UBS Group reiterated a “buy” rating and set a GBX 7,700 target price on shares of Reckitt Benckiser Group in a research report on Friday, October 17th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Reckitt Benckiser Group from GBX 5,500 to GBX 6,100 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 6,279.29.

Reckitt Benckiser Group Trading Down 0.2%

The company has a quick ratio of 0.46, a current ratio of 0.69 and a debt-to-equity ratio of 110.26. The stock’s 50 day moving average is GBX 6,045.09 and its two-hundred day moving average is GBX 5,810.57. The company has a market capitalization of £41.26 billion, a PE ratio of 33.76, a price-to-earnings-growth ratio of 1.10 and a beta of 0.09.

Reckitt Benckiser Group Company Profile

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.