Reckitt Benckiser Group plc (LON:RKT) Insider Sells £101,658.92 in Stock

Key Points

• Reckitt Benckiser Group insider Shannon Eisenhardt sold 1,798 shares at £101,658.92 ($135,112.87) on August 1st, indicating potential insider movement.
• The company's shares have a current price of GBX 5,566 ($73.98), down from a 1-year high of GBX 5,722 ($76.05), reflecting a fluctuation in market value.
• Equities analysts are optimistic, with Royal Bank of Canada raising their price target for Reckitt Benckiser from GBX 5,700 to GBX 6,000, maintaining an "outperform" rating.

Reckitt Benckiser Group plc (LON:RKT - Get Free Report) insider Shannon Eisenhardt sold 1,798 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of GBX 5,654 ($76.05), for a total transaction of £101,658.92 ($136,730.22).

Reckitt Benckiser Group Price Performance

Shares of LON:RKT traded down GBX 32 ($0.43) during midday trading on Friday, hitting GBX 5,434 ($73.09). The stock had a trading volume of 3,622,644 shares, compared to its average volume of 3,518,946. The company's 50-day moving average price is GBX 5,178.93 and its 200-day moving average price is GBX 5,103.88. The company has a market capitalization of £37.07 billion, a P/E ratio of 24.87, a price-to-earnings-growth ratio of 1.10 and a beta of 0.09. The company has a quick ratio of 0.46, a current ratio of 0.69 and a debt-to-equity ratio of 110.26. Reckitt Benckiser Group plc has a fifty-two week low of GBX 4,138 ($55.66) and a fifty-two week high of GBX 5,722 ($76.96).

Reckitt Benckiser Group (LON:RKT - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported GBX 141.20 ($1.90) earnings per share (EPS) for the quarter. Reckitt Benckiser Group had a net margin of 10.78% and a return on equity of 18.70%. As a group, equities research analysts predict that Reckitt Benckiser Group plc will post 331.2110727 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on RKT. Berenberg Bank decreased their target price on shares of Reckitt Benckiser Group from GBX 5,920 ($79.62) to GBX 5,555 ($74.71) and set a "hold" rating for the company in a research report on Wednesday. Royal Bank Of Canada lifted their price objective on shares of Reckitt Benckiser Group from GBX 5,700 ($76.66) to GBX 6,000 ($80.70) and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a GBX 5,300 ($71.28) price objective on shares of Reckitt Benckiser Group in a research note on Monday, July 21st.

About Reckitt Benckiser Group

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.