Reckitt Benckiser Group (LON:RKT) Receives “Hold” Rating from Deutsche Bank Aktiengesellschaft

Reckitt Benckiser Group (LON:RKT)‘s stock had its “hold” rating restated by Deutsche Bank Aktiengesellschaft in a research note issued to investors on Thursday,Digital Look reports. They presently have a GBX 5,400 price target on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 1.99% from the stock’s previous close.

RKT has been the topic of several other reports. Berenberg Bank lowered their price objective on shares of Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating on the stock in a research report on Friday, April 24th. Citigroup reduced their target price on shares of Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating for the company in a report on Thursday, April 23rd. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 6,200 target price on shares of Reckitt Benckiser Group in a research note on Wednesday. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 5,900 price target on shares of Reckitt Benckiser Group in a report on Wednesday. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 6,242.86.

Reckitt Benckiser Group Stock Performance

Shares of RKT stock traded down GBX 105.20 during trading hours on Thursday, hitting GBX 5,294.80. The stock had a trading volume of 66,470,766 shares, compared to its average volume of 25,010,719. The company has a debt-to-equity ratio of 108.83, a current ratio of 0.85 and a quick ratio of 0.46. The firm has a market capitalization of £33.62 billion, a PE ratio of 10.88, a PEG ratio of 1.10 and a beta of 0.25. The stock’s 50 day moving average is GBX 4,823.43 and its 200 day moving average is GBX 5,284.09. Reckitt Benckiser Group has a twelve month low of GBX 3,866 and a twelve month high of GBX 6,522.92.

Reckitt Benckiser Group (LON:RKT) last announced its earnings results on Wednesday, July 29th. The company reported GBX 101.40 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, research analysts forecast that Reckitt Benckiser Group will post 331.2110727 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Marybeth Hays bought 340 shares of the stock in a transaction on Monday, June 1st. The shares were bought at an average price of GBX 4,585 per share, with a total value of £15,589. Also, insider Shannon Eisenhardt acquired 432 shares of Reckitt Benckiser Group stock in a transaction that occurred on Friday, June 12th. The shares were purchased at an average cost of £432 per share, for a total transaction of £186,624. Insiders have bought a total of 1,029 shares of company stock worth $21,416,350 in the last quarter. Company insiders own 0.44% of the company’s stock.

About Reckitt Benckiser Group

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.