Reckitt Benckiser Group (LON:RKT) Reaches New 52-Week Low – Time to Sell?

Reckitt Benckiser Group plc (LON:RKT)’s share price reached a new 52-week low on Monday . The company traded as low as GBX 4,573 and last traded at GBX 4,587, with a volume of 15212000 shares trading hands. The stock had previously closed at GBX 4,671.

Wall Street Analyst Weigh In

A number of analysts recently commented on RKT shares. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Reckitt Benckiser Group from GBX 5,460 to GBX 5,430 and set a “hold” rating on the stock in a report on Tuesday, April 28th. Berenberg Bank decreased their price objective on shares of Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating on the stock in a report on Friday, April 24th. Jefferies Financial Group reissued a “hold” rating and set a GBX 5,600 price objective on shares of Reckitt Benckiser Group in a report on Friday, April 24th. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 6,200 target price on shares of Reckitt Benckiser Group in a research report on Thursday, April 23rd. Finally, Citigroup decreased their target price on Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 6,204.29.

Reckitt Benckiser Group Price Performance

The company has a debt-to-equity ratio of 108.83, a current ratio of 0.85 and a quick ratio of 0.46. The company has a 50-day moving average price of GBX 5,247.64 and a 200-day moving average price of GBX 5,755.58. The firm has a market capitalization of £29.03 billion, a PE ratio of 9.31, a P/E/G ratio of 1.10 and a beta of 0.25.

Reckitt Benckiser Group (LON:RKT) last issued its quarterly earnings data on Thursday, March 5th. The company reported £122.58 earnings per share (EPS) for the quarter. Reckitt Benckiser Group had a return on equity of 38.45% and a net margin of 25.23%. Sell-side analysts forecast that Reckitt Benckiser Group plc will post 331.2110727 EPS for the current year.

Insider Activity

In other news, insider Kris Licht sold 5,435 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of GBX 4,753, for a total value of £258,325.55. 0.44% of the stock is owned by corporate insiders.

About Reckitt Benckiser Group

At Reckitt, we protect, heal and nurture. We are the company behind some of the world’s best known and most trusted Health and Hygiene consumer brands.

Delivering for a cleaner, healthier world requires strong brands with a global footprint. From Dettol, Lysol, Durex, Finish, Harpic and Vanish, Mucinex, Nurofen, Gaviscon, Veet and Strepsils, consumers love and rely on our brands to care for their families, as they have done for over 200 years.

We use our scientific expertise and deep human understanding to develop solutions to help people improve their lives – that is why over 30 million Reckitt products are sold each day worldwide.

At Reckitt, we’re all making a real difference to people all over the world, every day.