Insider Buying: Reckitt Benckiser Group (LON:RKT) Insider Acquires 191 Shares

Key Points

• Insider purchase: Reckitt Benckiser director Gavin Patterson acquired 191 shares at GBX 5,183 each, for a total investment of approximately £9,900.
• Stock performance: RKT shares rose 0.4% to GBX 5,134, giving the company a market capitalization of about £32.6 billion.
• Analyst view: Analysts have a consensus “Hold” rating, with three Buys and four Holds and an average price target of GBX 6,121.71.

Reckitt Benckiser Group plc (LON:RKT - Get Free Report) insider Gavin Patterson acquired 191 shares of the firm's stock in a transaction on Wednesday, August 26th. The shares were bought at an average cost of GBX 5,183 per share, with a total value of £9,899.53.

Reckitt Benckiser Group Stock Up 0.4%

Shares of Reckitt Benckiser Group stock traded up GBX 18 during trading on Friday, reaching GBX 5,134. The company had a trading volume of 15,331,688 shares, compared to its average volume of 23,399,000. The company has a market cap of £32.60 billion, a price-to-earnings ratio of 11.62, a price-to-earnings-growth ratio of 1.10 and a beta of 0.26. The firm's fifty day moving average is GBX 5,067.22 and its 200-day moving average is GBX 5,145.53. The company has a debt-to-equity ratio of 179.24, a quick ratio of 0.46 and a current ratio of 0.59. Reckitt Benckiser Group plc has a fifty-two week low of GBX 3,866 and a fifty-two week high of GBX 6,522.92.

Reckitt Benckiser Group (LON:RKT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported GBX 101.40 EPS for the quarter. Reckitt Benckiser Group had a return on equity of 42.87% and a net margin of 21.09%. On average, analysts anticipate that Reckitt Benckiser Group plc will post 331.2110727 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on RKT shares. Jefferies Financial Group reissued a "buy" rating and set a GBX 5,900 price target on shares of Reckitt Benckiser Group in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 5,400 target price on shares of Reckitt Benckiser Group in a research note on Thursday, July 30th. Berenberg Bank increased their price objective on shares of Reckitt Benckiser Group from GBX 5,179 to GBX 5,352 and gave the stock a "hold" rating in a research note on Wednesday, August 5th. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a GBX 6,200 target price on shares of Reckitt Benckiser Group in a research note on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Reckitt Benckiser Group currently has an average rating of "Hold" and an average price target of GBX 6,121.71.

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.

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