Reckitt Benckiser Group (LON:RKT) Stock Price Down 1.4%

Reckitt Benckiser Group plc (LON:RKT)’s stock price traded down 1.4% during trading on Friday . The stock traded as low as GBX 4,495 ($59.38) and last traded at GBX 4,514 ($59.63). 5,141,905 shares were traded during trading, an increase of 44% from the average session volume of 3,572,513 shares. The stock had previously closed at GBX 4,576 ($60.45).

Wall Street Analyst Weigh In

RKT has been the topic of a number of recent research reports. Jefferies Financial Group restated a “hold” rating and issued a GBX 4,400 ($58.12) target price on shares of Reckitt Benckiser Group in a report on Monday, July 29th. Berenberg Bank lifted their target price on shares of Reckitt Benckiser Group from GBX 5,100 ($67.37) to GBX 5,200 ($68.69) and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. lowered shares of Reckitt Benckiser Group to a “neutral” rating in a report on Friday, August 30th.

Reckitt Benckiser Group Stock Performance

The company has a current ratio of 0.69, a quick ratio of 0.46 and a debt-to-equity ratio of 109.95. The company has a market capitalization of £31.35 billion, a price-to-earnings ratio of 2,080.18, a price-to-earnings-growth ratio of 2.37 and a beta of 0.09. The stock’s fifty day simple moving average is GBX 4,350.29 and its 200-day simple moving average is GBX 4,425.14.

Reckitt Benckiser Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 13th. Stockholders of record on Thursday, August 1st were given a dividend of GBX 80.40 ($1.06) per share. This represents a dividend yield of 1.82%. The ex-dividend date of this dividend was Thursday, August 1st. Reckitt Benckiser Group’s dividend payout ratio is presently 9,032.26%.

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.