Reckitt Benckiser Group (LON:RKT) Shares Down 1.1% - What's Next?

Key Points

• Reckitt Benckiser Group's share price fell by 1.1%, trading at GBX 5,504 ($74.36), with trading volume down by 80% compared to its average.
• Analysts have varying price targets for the company, with Royal Bank Of Canada raising its target to GBX 6,000, while Berenberg Bank lowered it to GBX 5,555.
• Insider buying activity was noted, with multiple transactions occurring at an average price of GBX 5,649, indicating a potential confidence in the company's future performance.

Reckitt Benckiser Group plc (LON:RKT - Get Free Report) was down 1.1% on Thursday . The company traded as low as GBX 5,504 ($74.33) and last traded at GBX 5,504 ($74.33). Approximately 672,204 shares traded hands during trading, a decline of 80% from the average daily volume of 3,321,302 shares. The stock had previously closed at GBX 5,568 ($75.19).

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on RKT shares. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 5,300 price target on shares of Reckitt Benckiser Group in a research report on Monday, July 21st. Berenberg Bank reduced 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 report on Wednesday, August 6th. Finally, Royal Bank Of Canada lifted their price target on shares of Reckitt Benckiser Group from GBX 5,700 to GBX 6,000 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of GBX 5,618.33.

Reckitt Benckiser Group Stock Up 0.5%

The company has a market capitalization of £37.55 billion, a price-to-earnings ratio of 3,038.46, a price-to-earnings-growth ratio of 1.10 and a beta of 0.09. The firm's 50 day moving average price is GBX 5,303.34 and its two-hundred day moving average price is GBX 5,134.60. The company has a current ratio of 0.69, a quick ratio of 0.46 and a debt-to-equity ratio of 110.26.

Reckitt Benckiser Group (LON:RKT - Get Free Report) last released its quarterly earnings data 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%. Sell-side analysts anticipate that Reckitt Benckiser Group plc will post 331.2110727 earnings per share for the current fiscal year.

Insider Activity at Reckitt Benckiser Group

In other Reckitt Benckiser Group news, insider Jeremy Darroch acquired 1,652 shares of the business's stock in a transaction on Tuesday, July 29th. The stock was purchased at an average price of GBX 5,649 per share, with a total value of £93,321.48. Also, insider Tamara Ingram acquired 293 shares of the business's stock in a transaction on Wednesday, July 30th. The stock was acquired at an average cost of GBX 5,626 per share, with a total value of £16,484.18. Over the last 90 days, insiders acquired 2,212 shares of company stock worth $12,488,849. 0.42% of the stock is currently owned by corporate 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.