Reckitt Benckiser Group (LON:RKT) Reaches New 12-Month High After Insider Buying Activity

Key Points

• Reckitt Benckiser Group hit a new 12-month high of GBX 5,722 during mid-day trading, marking a significant milestone in its stock performance.
• Analysts have mixed views, with Deutsche Bank maintaining a "hold" rating and a GBX 5,300 target price, while the Royal Bank of Canada upgraded its target to GBX 6,000, suggesting potential for growth.
• The company reported a quarterly earnings per share of GBX 141.20 with a net margin of 10.78% and a return on equity of 18.70% during its last earnings announcement.

Reckitt Benckiser Group plc (LON:RKT - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday following insider buying activity. The stock traded as high as GBX 5,722 ($75.95) and last traded at GBX 5,652 ($75.02), with a volume of 1429151 shares changing hands. The stock had previously closed at GBX 5,624 ($74.65).

Specifically, insider Margherita Della purchased 267 shares of Reckitt Benckiser Group stock in a transaction dated Tuesday, July 29th. The shares were acquired at an average price of GBX 5,649 ($74.98) per share, with a total value of £15,082.83 ($20,019.68). Also, insider Jeremy Darroch bought 1,652 shares of Reckitt Benckiser Group stock in a transaction that occurred on Tuesday, July 29th. The stock was purchased at an average cost of GBX 5,649 ($74.98) per share, for a total transaction of £93,321.48 ($123,867.11).

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on RKT. Royal Bank Of Canada raised their target price on shares of Reckitt Benckiser Group from GBX 5,700 ($75.66) to GBX 6,000 ($79.64) and gave the company an "outperform" rating in a report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a GBX 5,300 ($70.35) target price on shares of Reckitt Benckiser Group in a report on Monday, July 21st.

Reckitt Benckiser Group Price Performance

The company has a debt-to-equity ratio of 110.26, a current ratio of 0.69 and a quick ratio of 0.46. The firm has a market capitalization of £38.37 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 1.10 and a beta of 0.09. The company's 50-day moving average is GBX 5,122.88 and its 200-day moving average is GBX 5,086.87.

Reckitt Benckiser Group (LON:RKT - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported GBX 141.20 ($1.87) 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%. On average, research analysts expect that Reckitt Benckiser Group plc will post 331.2110727 earnings per share for the current year.

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.