Reckitt Benckiser Group (LON:RKT) Stock Price Up 2.2% – Still a Buy?

Reckitt Benckiser Group plc (LON:RKT) shares rose 2.2% during mid-day trading on Friday . The company traded as high as GBX 4,868 ($61.03) and last traded at GBX 4,847 ($60.76). Approximately 1,886,302 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 3,203,260 shares. The stock had previously closed at GBX 4,741 ($59.43).

Wall Street Analyst Weigh In

A number of analysts have commented on RKT shares. JPMorgan Chase & Co. downgraded shares of Reckitt Benckiser Group to a “neutral” rating in a research report on Friday, August 30th. Berenberg Bank lowered their price objective on shares of Reckitt Benckiser Group from GBX 5,200 ($65.19) to GBX 5,177 ($64.90) and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 4,400 ($55.16) target price on shares of Reckitt Benckiser Group in a research report on Monday, July 29th.

Reckitt Benckiser Group Stock Up 2.2 %

The company has a debt-to-equity ratio of 112.52, a quick ratio of 0.46 and a current ratio of 0.69. The stock’s fifty day simple moving average is GBX 4,714.96 and its two-hundred day simple moving average is GBX 4,495.23. The company has a market capitalization of £33.50 billion, a price-to-earnings ratio of 2,233.64, a P/E/G ratio of 1.10 and a beta of 0.09.

Insider Buying and Selling

In related news, insider Fiona Dawson bought 25 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were acquired at an average cost of GBX 4,923 ($61.71) per share, for a total transaction of £1,230.75 ($1,542.87). Insiders own 0.05% 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.