Reckitt Benckiser Group (LON:RKT) Rating Lowered to Neutral at JPMorgan Chase & Co.

Reckitt Benckiser Group (LON:RKT) was downgraded by analysts at JPMorgan Chase & Co. to a “neutral” rating in a report issued on Friday, MarketBeat reports.

Several other research firms have also commented on RKT. Jefferies Financial Group restated a “hold” rating and issued a GBX 4,400 ($58.02) price objective on shares of Reckitt Benckiser Group in a research report on Monday, July 29th. Berenberg Bank upped their price objective on Reckitt Benckiser Group from GBX 5,100 ($67.26) to GBX 5,200 ($68.57) and gave the stock a “hold” rating in a research report on Wednesday, July 24th.

Reckitt Benckiser Group Trading Up 0.6 %

Reckitt Benckiser Group stock opened at GBX 4,366 ($57.58) on Friday. The company has a current ratio of 0.69, a quick ratio of 0.46 and a debt-to-equity ratio of 109.95. Reckitt Benckiser Group has a 12 month low of GBX 4,034 ($53.20) and a 12 month high of GBX 6,006 ($79.20). The stock’s 50 day simple moving average is GBX 4,287.86 and its two-hundred day simple moving average is GBX 4,523.40. The firm has a market cap of £30.39 billion, a PE ratio of 2,011.98, a P/E/G ratio of 2.38 and a beta of 0.08.

Insider Transactions at Reckitt Benckiser Group

In other Reckitt Benckiser Group news, insider Tamara Ingram bought 350 shares of Reckitt Benckiser Group stock in a transaction dated Wednesday, June 5th. The stock was acquired at an average cost of GBX 4,509 ($59.46) per share, with a total value of £15,781.50 ($20,811.68). Corporate insiders own 0.07% of the company’s stock.

Reckitt Benckiser Group Company Profile

Reckitt Benckiser Group plc manufactures and sells health, hygiene, and nutrition products worldwide. It offers acne treatment creams, facial washes, and cleansing pads; germ protection products; condoms; heartburn and indigestion solutions; joints health products; chest congestion, cough, and sinus remedies; brain health products; migraine-headaches and rheumatic pain products; sore throat medications; and hair removal products under the Airborne, Clearasil, Dettol, Durex, Gaviscon, Move Free, Neuriva, Nurofen, Mucinex, Strepsils, and Veet brands.