Reckitt Benckiser Group (LON:RKT) Reaches New 52-Week High - Here's What Happened

Reckitt Benckiser Group plc (LON:RKT - Get Free Report) shares reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 6,014 ($80.35) and last traded at GBX 5,876 ($78.50), with a volume of 3569094 shares changing hands. The stock had previously closed at GBX 5,876 ($78.50).

Wall Street Analyst Weigh In

Several research firms have recently commented on RKT. Royal Bank Of Canada increased their price target on shares of 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. UBS Group reissued a "buy" rating and set a GBX 7,700 price target on shares of Reckitt Benckiser Group in a research note on Friday, October 17th. Berenberg Bank decreased their price target on shares of 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, Jefferies Financial Group reissued a "hold" rating and set a GBX 5,200 price target on shares of Reckitt Benckiser Group in a research report on Thursday, October 2nd. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of GBX 5,951.

Reckitt Benckiser Group Trading Down 0.3%

The company has a quick ratio of 0.46, a current ratio of 0.69 and a debt-to-equity ratio of 110.26. The business's fifty day moving average is GBX 5,659.02 and its 200 day moving average is GBX 5,257.60. The firm has a market capitalization of £39.60 billion, a price-to-earnings ratio of 32.20, a price-to-earnings-growth ratio of 1.10 and a beta of 0.09.

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

Insider Activity at Reckitt Benckiser Group

In related news, insider Jeremy Darroch acquired 1,652 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The shares were acquired at an average cost of GBX 5,649 per share, for a total transaction of £93,321.48. Also, insider Shannon Eisenhardt sold 1,798 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of GBX 5,654, for a total transaction of £101,658.92. In the last ninety days, insiders have acquired 2,212 shares of company stock valued at $12,488,849. Insiders own 0.42% of the company's stock.

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.

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