Berenberg Bank Cuts Reckitt Benckiser Group (LON:RKT) Price Target to GBX 5,177

Reckitt Benckiser Group (LON:RKT) had its price target reduced by Berenberg Bank from GBX 5,200 ($67.51) to GBX 5,177 ($67.22) in a research report report published on Wednesday, MarketBeat reports. They currently have a hold rating on the stock.

RKT has been the subject of a number of other reports. JPMorgan Chase & Co. lowered Reckitt Benckiser Group to a “neutral” rating in a research note on Friday, August 30th. Jefferies Financial Group restated a “hold” rating and issued a GBX 4,400 ($57.13) price objective on shares of Reckitt Benckiser Group in a research report on Monday, July 29th.

Reckitt Benckiser Group Stock Down 0.2 %

LON RKT opened at GBX 4,849 ($62.96) on Wednesday. The stock’s 50 day simple moving average is GBX 4,545.18 and its 200 day simple moving average is GBX 4,423.38. The company has a debt-to-equity ratio of 112.52, a current ratio of 0.69 and a quick ratio of 0.46. Reckitt Benckiser Group has a one year low of GBX 4,034 ($52.38) and a one year high of GBX 5,886.44 ($76.43). The firm has a market cap of £33.51 billion, a PE ratio of 2,234.56, a price-to-earnings-growth ratio of 1.10 and a beta of 0.09.

Insider Buying and Selling

In other Reckitt Benckiser Group news, insider Fiona Dawson acquired 25 shares of Reckitt Benckiser Group stock in a transaction on Wednesday, October 23rd. The shares were purchased at an average cost 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 currently owned by insiders.

About Reckitt Benckiser Group

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.