Reckitt Benckiser Group Plc (LON:RB) announced a dividend on Monday, February 18th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, April 18th will be given a dividend of GBX 100.20 ($1.31) per share on Thursday, May 23rd. This represents a yield of 1.67%. The ex-dividend date is Thursday, April 18th. This is a positive change from Reckitt Benckiser Group’s previous dividend of $70.50. The official announcement can be accessed at this link.
Shares of LON:RB opened at GBX 5,827.90 ($76.15) on Wednesday. The firm has a market cap of $41.23 billion and a PE ratio of 19.12. The company has a debt-to-equity ratio of 80.49, a quick ratio of 0.47 and a current ratio of 0.65. Reckitt Benckiser Group has a 1 year low of GBX 5,255 ($68.67) and a 1 year high of GBX 7,174 ($93.74).
A number of analysts have commented on the company. JPMorgan Chase & Co. set a GBX 9,000 ($117.60) price target on Reckitt Benckiser Group and gave the stock a “buy” rating in a research report on Monday, January 7th. Liberum Capital restated a “buy” rating on shares of Reckitt Benckiser Group in a research report on Wednesday, January 16th. Sanford C. Bernstein set a GBX 7,500 ($98.00) target price on Reckitt Benckiser Group and gave the stock a “buy” rating in a research report on Monday, February 18th. Deutsche Bank reiterated a “buy” rating on shares of Reckitt Benckiser Group in a research report on Tuesday, February 19th. Finally, Berenberg Bank increased their target price on Reckitt Benckiser Group from GBX 7,450 ($97.35) to GBX 7,550 ($98.65) and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. Reckitt Benckiser Group presently has an average rating of “Hold” and a consensus price target of GBX 7,105 ($92.84).
In other Reckitt Benckiser Group news, insider Elane Stock purchased 1,860 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The stock was purchased at an average cost of GBX 6,233 ($81.45) per share, with a total value of £115,933.80 ($151,488.04). Also, insider Andrew R. J. Bonfield purchased 80 shares of the firm’s stock in a transaction that occurred on Thursday, February 28th. The shares were acquired at an average cost of GBX 5,760 ($75.26) per share, with a total value of £4,608 ($6,021.17).
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About Reckitt Benckiser Group
Reckitt Benckiser Group plc manufactures, markets, and sells health, hygiene, and home products. The company offers products for the treatment of analgesic and gastro-intestinal problems, sore throat, cough, pain, and flu, as well as wellness products in sexual wellbeing, footcare, vitamins, and supplements under the Durex, Gaviscon, Nurofen, Mucinex, Scholl/Amopé, and Strepsils brand names.
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