Reckitt Benckiser Group (LON:RKT) Shares Up 2.2% - What's Next?

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Berenberg Bank reduced 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 for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered Reckitt Benckiser Group to a "neutral" rating in a report on Friday, August 30th. Finally, Jefferies Financial Group reissued a "hold" rating and issued a GBX 4,400 ($55.16) price objective 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 current ratio of 0.69, a quick ratio of 0.46 and a debt-to-equity ratio of 112.52. The stock has a market capitalization of £33.50 billion, a P/E ratio of 2,233.64, a P/E/G ratio of 1.10 and a beta of 0.09. The stock's 50-day moving average price is GBX 4,714.96 and its two-hundred day moving average price is GBX 4,495.23.

Insiders Place Their Bets

In other Reckitt Benckiser Group news, insider Fiona Dawson acquired 25 shares of Reckitt Benckiser Group stock in a transaction that occurred on Wednesday, October 23rd. The stock was acquired at an average cost of GBX 4,923 ($61.71) per share, for a total transaction of £1,230.75 ($1,542.87). Company 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.