Reckitt Benckiser Group (LON:RKT) Reaches New 12-Month High - Should You Buy?

Reckitt Benckiser Group plc (LON:RKT - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 6,018 and last traded at GBX 6,012, with a volume of 12965670 shares traded. The stock had previously closed at GBX 5,954.Analyst Upgrades and DowngradesSeveral analysts recently commented on the stock. Royal Bank Of Canada increased their price objective on shares of Reckitt Benckiser Group from GBX 6,000 to GBX 6,400 and gave the company an "outperform" rating in a research report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Reckitt Benckiser Group from GBX 5,600 to GBX 5,700 and gave the company a "buy" rating in a report on Friday, October 24th. JPMorgan Chase & Co. boosted their price objective on shares of Reckitt Benckiser Group from GBX 5,500 to GBX 6,100 and gave the stock a "neutral" rating in a report on Wednesday, November 26th. UBS Group reaffirmed a "buy" rating and issued a GBX 7,700 price objective on shares of Reckitt Benckiser Group in a research report on Friday, October 17th. Finally, Jefferies Financial Group reissued a "hold" rating and issued a GBX 5,200 target price on shares of Reckitt Benckiser Group in a report on Thursday, October 2nd. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 6,109.17.Get Our Latest Research Report on Reckitt Benckiser GroupReckitt Benckiser Group Trading Up 1.2%The company has a market cap of £40.57 billion, a P/E ratio of 33.12, a P/E/G ratio of 1.10 and a beta of 0.09. The stock's 50-day moving average is GBX 5,842.03 and its two-hundred day moving average is GBX 5,515.70. The company has a debt-to-equity ratio of 110.26, a current ratio of 0.69 and a quick ratio of 0.46. Insiders Place Their BetsIn other news, insider Patricia Verduin purchased 135 shares of the stock in a transaction dated Wednesday, October 29th. The shares were purchased at an average cost of GBX 5,867 per share, with a total value of £7,920.45. Corporate insiders own 0.42% of the company's stock. 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.Read MoreFive stocks we like better than Reckitt Benckiser GroupStock Market Upgrades: What Are They?Market Momentum: 3 Stocks Poised for Major BreakoutsA Deeper Look at Bid-Ask Spreads3 Reasons Casey’s General Stores Will Continue Trending HigherRoth IRA Calculator: Calculate Your Potential ReturnsGolden Cross Alert: 3 Stocks With Major Upside PotentialThis 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