Reckitt Benckiser Group Plc (RB) Trading Up 0.1% on Insider Buying Activity

Reckitt Benckiser Group Plc (LON:RB) shares were up 0.1% on Thursday after an insider bought additional shares in the company. The company traded as high as GBX 6,496 ($85.44) and last traded at GBX 6,538 ($85.99). Approximately 1,618,674 shares traded hands during mid-day trading, an increase of 6% from the average daily volume of 1,530,000 shares. The stock had previously closed at GBX 6,530 ($85.89).

Specifically, insider Adrian Nevil Hennah acquired 2,285 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was purchased at an average cost of GBX 6,567 ($86.37) per share, for a total transaction of £150,055.95 ($197,364.13). Also, insider Christopher Sinclair acquired 2,800 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was purchased at an average price of GBX 6,597 ($86.77) per share, with a total value of £184,716 ($242,951.47).

A number of equities research analysts have recently weighed in on RB shares. Kepler Capital Markets restated a “buy” rating and set a GBX 8,100 ($106.54) price target on shares of Reckitt Benckiser Group Plc in a research note on Monday, July 24th. Whitman Howard restated a “buy” rating and set a GBX 9,000 ($118.37) price target on shares of Reckitt Benckiser Group Plc in a research note on Wednesday, July 19th. Liberum Capital restated a “buy” rating and set a GBX 8,150 ($107.19) price target on shares of Reckitt Benckiser Group Plc in a research note on Wednesday, July 19th. Deutsche Bank AG restated a “buy” rating and set a GBX 8,500 ($111.80) price target on shares of Reckitt Benckiser Group Plc in a research note on Monday, July 24th. Finally, Macquarie restated a “buy” rating and set a GBX 9,000 ($118.37) price target on shares of Reckitt Benckiser Group Plc in a research note on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company. Reckitt Benckiser Group Plc presently has an average rating of “Hold” and an average target price of GBX 7,757.73 ($102.04).

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece can be accessed at https://ledgergazette.com/2017/11/11/reckitt-benckiser-group-plc-rb-trading-up-0-1-on-insider-buying-activity.html.

Reckitt Benckiser Group Plc Company Profile

Reckitt Benckiser Group plc is a manufacturer and marketer of health, hygiene and home products. The Company’s segments include ENA and DvM. The ENA segment consists of Europe, Russia/Commonwealth of Independent States (CIS), Israel, North America, Australia and New Zealand. The DvM segment consists of North Africa, Middle East (excluding Israel) and Turkey, Africa, South Asia, North Asia, Latin America, Japan, Korea and the Association of Southeast Asian Nations (ASEAN).

Receive News & Ratings for Reckitt Benckiser Group Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reckitt Benckiser Group Plc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply