Reckitt Benckiser Group (LON:RKT) Sets New 52-Week High - Should You Buy?

Reckitt Benckiser Group plc (LON:RKT - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 5,736 ($77.81) and last traded at GBX 5,732 ($77.75), with a volume of 2778290 shares traded. The stock had previously closed at GBX 5,710 ($77.46).

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RKT. Berenberg Bank decreased their price target on Reckitt Benckiser Group from GBX 5,920 to GBX 5,555 and set a "hold" rating on the stock in a research note on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a GBX 5,300 price objective on shares of Reckitt Benckiser Group in a research note on Monday, July 21st. Finally, Royal Bank Of Canada lifted their price objective on Reckitt Benckiser Group from GBX 5,700 to GBX 6,000 and gave the company an "outperform" rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of GBX 5,618.33.

Reckitt Benckiser Group Stock Up 0.3%

The company has a debt-to-equity ratio of 110.26, a quick ratio of 0.46 and a current ratio of 0.69. The firm has a fifty day simple moving average of GBX 5,441.28 and a 200-day simple moving average of GBX 5,163.06. The company has a market capitalization of £39.08 billion, a PE ratio of 3,170.33, a P/E/G ratio of 1.10 and a beta of 0.09.

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

Insider Transactions at Reckitt Benckiser Group

In other news, insider Tamara Ingram purchased 293 shares of the stock in a transaction dated Wednesday, July 30th. The stock was acquired at an average cost of GBX 5,626 per share, for a total transaction of £16,484.18. Also, insider Shannon Eisenhardt sold 1,798 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of GBX 5,654, for a total value of £101,658.92. Insiders have acquired a total of 2,212 shares of company stock valued at $12,488,849 over the last 90 days. Insiders own 0.42% of the company's stock.

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.