Reckitt Benckiser Group (LON:RKT) Given New GBX 5,177 Price Target at Berenberg Bank

Reckitt Benckiser Group (LON:RKT) had its price objective decreased by Berenberg Bank from GBX 5,200 ($67.51) to GBX 5,177 ($67.22) in a report released on Wednesday morning, Marketbeat reports. Berenberg Bank currently has a hold rating on the stock.

Several other research firms have also recently issued reports on RKT. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 4,400 ($57.13) price objective on shares of Reckitt Benckiser Group in a research report on Monday, July 29th. JPMorgan Chase & Co. cut Reckitt Benckiser Group to a “neutral” rating in a research note on Friday, August 30th.

Reckitt Benckiser Group Stock Performance

Shares of RKT stock opened at GBX 4,849 ($62.96) on Wednesday. The company has a market cap of £33.51 billion, a P/E ratio of 2,234.56, a PEG ratio of 1.10 and a beta of 0.09. The firm has a fifty day moving average price of GBX 4,556.72 and a 200 day moving average price of GBX 4,428.78. The company has a current ratio of 0.69, a quick ratio of 0.46 and a debt-to-equity ratio of 112.52. Reckitt Benckiser Group has a 12 month low of GBX 4,034 ($52.38) and a 12 month high of GBX 5,886.44 ($76.43).

Insider Activity at Reckitt Benckiser Group

In other news, insider Fiona Dawson acquired 25 shares of the company’s stock in a transaction on Wednesday, October 23rd. The shares were bought at an average price of GBX 4,923 ($63.92) per share, with a total value of £1,230.75 ($1,597.96). 0.05% of the stock is owned by corporate insiders.

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.