Reckitt Benckiser Group plc (LON:RKT) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 6,152 ($80.38) and last traded at GBX 6,186 ($80.82), with a volume of 482141 shares trading hands. The stock had previously closed at GBX 6,362 ($83.12).
Several research firms recently issued reports on RKT. reaffirmed a “buy” rating and issued a GBX 7,500 ($97.99) price target on shares of Reckitt Benckiser Group in a report on Tuesday, June 8th. Berenberg Bank boosted their target price on shares of Reckitt Benckiser Group from GBX 8,385 ($109.55) to GBX 8,500 ($111.05) and gave the company a “buy” rating in a research note on Wednesday, April 28th. Credit Suisse Group reiterated an “outperform” rating and set a GBX 7,800 ($101.91) target price on shares of Reckitt Benckiser Group in a research note on Monday, June 7th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Reckitt Benckiser Group from GBX 8,200 ($107.13) to GBX 8,000 ($104.52) and set a “buy” rating for the company in a research note on Thursday, July 1st.
The company has a debt-to-equity ratio of 115.26, a quick ratio of 0.52 and a current ratio of 0.77. The business’s 50 day simple moving average is GBX 6,447.27. The firm has a market cap of £44.26 billion and a PE ratio of 38.26.
Reckitt Benckiser Group plc manufactures, markets, and sells health, hygiene, and nutrition products in the United Kingdom, the United States, China, and internationally. The company offers acne treatment creams, facial washes, and cleansing pads; disinfection, hygiene, and first aid products; condoms, sex toys, and lubricants; heartburn and indigestion solutions; and cough and chest congestion, multi-symptom, and sinus remedies for adults and children under the Clearasil, Dettol, Durex, Gaviscon, and Mucinex brands.
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