Reckitt Benckiser Group plc (LON:RKT) Insider Jeremy Darroch Buys 1,652 Shares

Key Points

• Jeremy Darroch, an insider at Reckitt Benckiser Group plc, purchased 1,652 shares at an average cost of GBX 5,649 ($75.44), totaling approximately £93,321.48 ($124,628.04) on July 29th.
• Following the purchase, shares of Reckitt Benckiser traded up 0.4%, reaching GBX 5,672 ($75.75) during mid-day trading with a volume of 955,671 shares.
• Royal Bank Of Canada raised its price target for Reckitt Benckiser shares from GBX 5,700 ($76.12) to GBX 6,000 ($80.13) with an "outperform" rating as of July 24th.

Reckitt Benckiser Group plc (LON:RKT - Get Free Report) insider Jeremy Darroch bought 1,652 shares of the stock in a transaction dated Tuesday, July 29th. The shares were acquired at an average price of GBX 5,649 ($74.62) per share, for a total transaction of £93,321.48 ($123,278.04).

Reckitt Benckiser Group Price Performance

Shares of Reckitt Benckiser Group stock traded down GBX 102 ($1.35) on Friday, hitting GBX 5,570 ($73.58). The company's stock had a trading volume of 215,081,516 shares, compared to its average volume of 5,026,185. Reckitt Benckiser Group plc has a 52-week low of GBX 4,064 ($53.69) and a 52-week high of GBX 5,722 ($75.59). 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 firm has a fifty day moving average price of GBX 5,108.99 and a 200-day moving average price of GBX 5,079.79. The company has a market capitalization of £38.00 billion, a P/E ratio of 25.49, a price-to-earnings-growth ratio of 1.10 and a beta of 0.09.

Reckitt Benckiser Group (LON:RKT - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported GBX 141.20 ($1.87) EPS for the quarter. Reckitt Benckiser Group had a net margin of 10.78% and a return on equity of 18.70%. On average, equities research analysts expect that Reckitt Benckiser Group plc will post 331.2110727 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on RKT shares. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a GBX 5,300 ($70.01) target price on shares of Reckitt Benckiser Group in a research note on Monday, July 21st. Royal Bank Of Canada boosted their target price on shares of Reckitt Benckiser Group from GBX 5,700 ($75.30) to GBX 6,000 ($79.26) and gave the stock an "outperform" rating in a research report on Thursday, July 24th.

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.