Reckitt Benckiser Group (LON:RKT) Trading 9.9% Higher – Still a Buy?

Reckitt Benckiser Group plc (LON:RKT)’s stock price traded up 9.9% during mid-day trading on Friday . The stock traded as high as GBX 5,232 ($67.85) and last traded at GBX 5,148.73 ($66.77). 373,139,531 shares changed hands during mid-day trading, an increase of 7,325% from the average session volume of 5,025,405 shares. The stock had previously closed at GBX 4,684 ($60.74).

Wall Street Analysts Forecast Growth

RKT has been the topic of several research reports. Jefferies Financial Group restated a “hold” rating and set a GBX 4,400 ($57.06) price target on shares of Reckitt Benckiser Group in a research report on Monday, July 29th. JPMorgan Chase & Co. downgraded shares of Reckitt Benckiser Group to a “neutral” rating in a research report on Friday, August 30th. Finally, Berenberg Bank lowered their price target on shares of Reckitt Benckiser Group from GBX 5,200 ($67.44) to GBX 5,177 ($67.14) and set a “hold” rating for the company in a research report on Wednesday, October 23rd.

Reckitt Benckiser Group Price Performance

The company has a current ratio of 0.69, a quick ratio of 0.46 and a debt-to-equity ratio of 112.52. The company has a market cap of £34.52 billion, a PE ratio of 2,301.38, a P/E/G ratio of 1.10 and a beta of 0.09. The firm has a 50 day moving average of GBX 4,612.66 and a two-hundred day moving average of GBX 4,450.35.

Insiders Place Their Bets

In related news, insider Fiona Dawson purchased 25 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was purchased at an average price of GBX 4,923 ($63.84) per share, with a total value of £1,230.75 ($1,596.10). Corporate insiders own 0.05% of the company’s stock.

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.