Insider Buying: Reckitt Benckiser Group (LON:RKT) Insider Buys 340 Shares of Stock

Reckitt Benckiser Group plc (LON:RKT) insider Marybeth Hays bought 340 shares of Reckitt Benckiser Group stock in a transaction that occurred on Monday, June 1st. The stock was purchased at an average cost of GBX 4,585 per share, for a total transaction of £15,589.

Reckitt Benckiser Group Price Performance

RKT traded down GBX 104 during trading on Monday, reaching GBX 4,487. The stock had a trading volume of 1,419,032 shares, compared to its average volume of 21,340,066. The stock has a market cap of £28.74 billion, a PE ratio of 9.22, a PEG ratio of 1.10 and a beta of 0.25. The company has a debt-to-equity ratio of 108.83, a quick ratio of 0.46 and a current ratio of 0.85. Reckitt Benckiser Group plc has a one year low of GBX 3,954 and a one year high of GBX 6,522.92. The business has a 50-day moving average of GBX 4,887.65 and a 200-day moving average of GBX 5,618.69.

Reckitt Benckiser Group (LON:RKT) last released its earnings results on Thursday, March 5th. The company reported £122.58 EPS for the quarter. Reckitt Benckiser Group had a return on equity of 38.45% and a net margin of 25.23%. As a group, equities research analysts anticipate that Reckitt Benckiser Group plc will post 331.2110727 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RKT. Jefferies Financial Group restated a “hold” rating and set a GBX 5,600 price target on shares of Reckitt Benckiser Group in a research report on Tuesday, May 12th. Berenberg Bank cut their price target on shares of Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating for the company in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Reckitt Benckiser Group from GBX 5,460 to GBX 5,430 and set a “hold” rating for the company in a research report on Tuesday, April 28th. Citigroup cut their price target on shares of Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Finally, Royal Bank Of Canada restated a “neutral” rating and set a GBX 6,200 price target on shares of Reckitt Benckiser Group in a research report on Friday, May 15th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Reckitt Benckiser Group currently has a consensus rating of “Hold” and a consensus price target of GBX 6,204.29.

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.