Reckitt Benckiser Group plc (LON:RKT) Insider Acquires £93,321.48 in Stock

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 acquired 1,652 shares of the business's stock in a transaction on Tuesday, July 29th. The stock was acquired at an average price of GBX 5,649 ($74.98) per share, for a total transaction of £93,321.48 ($123,867.11).

Reckitt Benckiser Group Stock Performance

Reckitt Benckiser Group stock traded down GBX 48.73 ($0.65) during midday trading on Friday, reaching GBX 5,623.27 ($74.64). 855,384 shares of the company traded hands, compared to its average volume of 3,578,711. The firm has a market capitalization of £38.37 billion, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 1.10 and a beta of 0.09. The business has a 50 day moving average of GBX 5,122.88 and a two-hundred day moving average of GBX 5,086.87. Reckitt Benckiser Group plc has a 12 month low of GBX 4,064 ($53.94) and a 12 month high of GBX 5,722 ($75.95). 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 issued its quarterly earnings data on Thursday, July 24th. The company reported GBX 141.20 ($1.87) 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, research analysts predict that Reckitt Benckiser Group plc will post 331.2110727 earnings per share for the current year.

Analyst Ratings Changes

RKT has been the topic of several analyst reports. Royal Bank Of Canada upped their target price on shares of Reckitt Benckiser Group from GBX 5,700 ($75.66) to GBX 6,000 ($79.64) and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a GBX 5,300 ($70.35) price objective on shares of Reckitt Benckiser Group in a research report on Monday, July 21st.

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.