Reckitt Benckiser Group (LON:RKT) Stock Price Down 0% - What's Next?

Key Points

• Reckitt Benckiser Group's stock traded at GBX 5,526.35 ($74.23), reflecting a slight decline of 0% during Monday's trading session, with a significant drop in volume by 67% compared to the average session.
• Analysts have mixed ratings on the stock, with a consensus "Hold" rating and a price target of GBX 5,618.33, while predictions for earnings per share in the current fiscal year stand at 331.21.
• Insider transactions indicate confidence in the company, as two insiders recently purchased shares, totaling 2,212 shares valued at approximately $12.5 million in the last three months.

Reckitt Benckiser Group plc (LON:RKT - Get Free Report) shares fell 0% during trading on Monday . The stock traded as low as GBX 5,500 ($73.88) and last traded at GBX 5,526.35 ($74.23). 1,399,395 shares changed hands during trading, a decline of 67% from the average session volume of 4,277,035 shares. The stock had previously closed at GBX 5,528 ($74.25).

Wall Street Analyst Weigh In

Several research firms have recently commented on RKT. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 5,300 price target on shares of Reckitt Benckiser Group in a research note on Monday, July 21st. 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. Finally, Royal Bank Of Canada raised their price objective 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. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of GBX 5,618.33.

Reckitt Benckiser Group Trading Down 0.0%

The business's 50-day moving average price is GBX 5,573.05 and its two-hundred day moving average price is GBX 5,191.69. The company has a market capitalization of £37.43 billion, a P/E ratio of 3,036.46, a PEG ratio of 1.10 and a beta of 0.09. The company has a debt-to-equity ratio of 110.26, a current ratio of 0.69 and a quick ratio of 0.46.

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

Insider Activity

In other news, insider Tamara Ingram purchased 293 shares of Reckitt Benckiser Group stock in a transaction dated Wednesday, July 30th. The shares were bought at an average cost of GBX 5,626 per share, with a total value of £16,484.18. Also, insider Margherita Della acquired 267 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The shares were bought at an average price of GBX 5,649 per share, for a total transaction of £15,082.83. In the last three months, insiders purchased 2,212 shares of company stock valued at $12,488,849. 0.42% of the stock is owned by company insiders.

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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