Reckitt Benckiser Group’s (RKT) Buy Rating Reaffirmed at Jefferies Financial Group

Reckitt Benckiser Group (LON:RKT)‘s stock had its “buy” rating reaffirmed by stock analysts at Jefferies Financial Group in a report issued on Wednesday,Digital Look reports. They currently have a GBX 5,900 price target on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 8.70% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Berenberg Bank reduced their price target on Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating for the company in a report on Friday, April 24th. Citigroup reduced their price target on shares of Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft lowered their price objective on Reckitt Benckiser Group from GBX 5,460 to GBX 5,430 and set a “hold” rating on the stock in a research report on Tuesday, April 28th. Finally, Royal Bank Of Canada restated a “neutral” rating and issued a GBX 6,200 price target on shares of Reckitt Benckiser Group in a research note on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 6,247.14.

Reckitt Benckiser Group Stock Up 4.9%

RKT stock opened at GBX 5,428 on Wednesday. Reckitt Benckiser Group has a fifty-two week low of GBX 3,866 and a fifty-two week high of GBX 6,522.92. The company has a market capitalization of £34.47 billion, a price-to-earnings ratio of 11.15, a price-to-earnings-growth ratio of 1.10 and a beta of 0.25. The business’s 50 day moving average price is GBX 4,809.71 and its two-hundred day moving average price is GBX 5,289.51. The company has a debt-to-equity ratio of 108.83, a quick ratio of 0.46 and a current ratio of 0.85.

Reckitt Benckiser Group (LON:RKT) last posted its quarterly earnings data on Friday, July 10th. The company reported GBX 147.08 EPS for the quarter. Reckitt Benckiser Group had a net margin of 22.40% and a return on equity of 45.27%. As a group, analysts forecast that Reckitt Benckiser Group will post 331.2110727 earnings per share for the current fiscal year.

Insider Buying and Selling at Reckitt Benckiser Group

In other Reckitt Benckiser Group news, insider Shannon Eisenhardt acquired 432 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was purchased at an average price of £432 per share, with a total value of £186,624. Also, insider Deepak Nath acquired 257 shares of Reckitt Benckiser Group stock in a transaction dated Tuesday, June 23rd. The stock was bought at an average price of GBX 4,650 per share, with a total value of £11,950.50. Over the last ninety days, insiders acquired 1,029 shares of company stock valued at $21,416,350. Insiders own 0.44% of the company’s stock.

Reckitt Benckiser Group Company Profile

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.