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

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

A number of other research analysts have also recently commented on the company. JPMorgan Chase & Co. cut Reckitt Benckiser Group to a “neutral” rating in a research note on Friday, August 30th. Jefferies Financial Group reissued a “hold” rating and set a GBX 4,400 ($57.13) target price on shares of Reckitt Benckiser Group in a research note on Monday, July 29th.

Reckitt Benckiser Group Price Performance

Reckitt Benckiser Group stock opened at GBX 4,849 ($62.96) on Wednesday. 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 company has a market capitalization of £33.51 billion, a price-to-earnings ratio of 2,234.56, a price-to-earnings-growth ratio of 1.10 and a beta of 0.09. The company’s 50 day simple moving average is GBX 4,556.72 and its 200-day simple moving average is GBX 4,428.78. Reckitt Benckiser Group has a 1 year low of GBX 4,034 ($52.38) and a 1 year high of GBX 5,886.44 ($76.43).

Insider Buying and Selling

In other Reckitt Benckiser Group news, insider Fiona Dawson purchased 25 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was 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 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.