Reckitt Benckiser Group (LON:RKT) Hits New 12-Month High - Time to Buy?

Shares of Reckitt Benckiser Group plc (LON:RKT - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 6,094 and last traded at GBX 6,094, with a volume of 4555683 shares. The stock had previously closed at GBX 5,988.Analyst Upgrades and DowngradesSeveral analysts have recently weighed in on the stock. UBS Group restated a "buy" rating and set a GBX 7,700 price objective on shares of Reckitt Benckiser Group in a research report on Friday, October 17th. Deutsche Bank Aktiengesellschaft raised their price target on Reckitt Benckiser Group from GBX 5,600 to GBX 5,700 and gave the company a "buy" rating in a research report on Friday, October 24th. Royal Bank Of Canada upped their price objective on Reckitt Benckiser Group from GBX 6,000 to GBX 6,400 and gave the stock an "outperform" rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. increased their price objective on Reckitt Benckiser Group from GBX 5,500 to GBX 6,100 and gave the company a "neutral" rating in a research report on Wednesday, November 26th. Finally, Jefferies Financial Group restated a "hold" rating and issued a GBX 5,200 target price on shares of Reckitt Benckiser Group in a research report on Thursday, October 2nd. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Reckitt Benckiser Group currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 6,109.17.Get Our Latest Analysis on RKTReckitt Benckiser Group Stock PerformanceThe stock has a market cap of £40.82 billion, a PE ratio of 33.32, a P/E/G ratio of 1.10 and a beta of 0.09. The company has a fifty day moving average price of GBX 5,921.29 and a 200 day moving average price of GBX 5,638.02. The company has a quick ratio of 0.46, a current ratio of 0.69 and a debt-to-equity ratio of 110.26. Insider Buying and SellingIn related news, insider Patricia Verduin acquired 135 shares of the stock in a transaction on Wednesday, October 29th. The stock was purchased at an average price of GBX 5,867 per share, for a total transaction of £7,920.45. 0.42% of the stock is owned by company insiders. Reckitt Benckiser Group Company Profile (Get Free Report)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.Featured StoriesFive stocks we like better than Reckitt Benckiser GroupTrump Era Reset? Why Gold Could Explode to $6,000A U.S. “birthright” claim worth trillions - activated quietlyA month before the crashRefund From 1933: Trump’s Reset May Create Instant WealthBNZI: BNZI Surges Ahead as AI Marketing Fuels Record RevenueThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Reckitt Benckiser Group Right Now?Before you consider Reckitt Benckiser Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Reckitt Benckiser Group wasn't on the list.While Reckitt Benckiser Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here