Reckitt Benckiser Group plc (RKT.L) – What Are Brokerages Thinking About This Stock?

Shares of Reckitt Benckiser Group plc (LON:RKT) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is GBX 5,925.33.

Several brokerages recently commented on RKT. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 6,200 price target on shares of Reckitt Benckiser Group in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 5,400 price target on shares of Reckitt Benckiser Group in a report on Thursday, July 30th. JPMorgan Chase & Co. boosted their price objective on shares of Reckitt Benckiser Group from GBX 5,800 to GBX 6,500 and gave the company an “overweight” rating in a research note on Tuesday, September 1st. Berenberg Bank upped their price objective on Reckitt Benckiser Group from GBX 5,179 to GBX 5,352 and gave the stock a “hold” rating in a report on Wednesday, August 5th. Finally, Jefferies Financial Group cut their target price on Reckitt Benckiser Group from GBX 6,100 to GBX 5,900 and set a “buy” rating on the stock in a research report on Thursday, October 1st.

Reckitt Benckiser Group Stock Up 0.2%

Shares of LON:RKT opened at GBX 5,588 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 179.24. The firm has a market cap of £35.42 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 1.10 and a beta of 0.26. The stock’s 50-day moving average price is GBX 5,129.65 and its two-hundred day moving average price is GBX 4,970.19. Reckitt Benckiser Group has a 12-month low of GBX 3,866 and a 12-month high of GBX 6,522.92.

Reckitt Benckiser Group (LON:RKT) last posted its quarterly earnings data on Wednesday, July 29th. The company reported GBX 101.40 EPS for the quarter. Reckitt Benckiser Group had a net margin of 21.09% and a return on equity of 42.87%. On average, research analysts forecast that Reckitt Benckiser Group will post 331.21 EPS for the current year.

Insider Activity at Reckitt Benckiser Group

In other Reckitt Benckiser Group news, insider Deborah Waterhouse bought 152 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were acquired at an average price of GBX 5,189 per share, with a total value of £7,887.28. Also, insider Gavin Patterson bought 191 shares of Reckitt Benckiser Group stock in a transaction that occurred on Wednesday, August 26th. The shares were acquired at an average price of GBX 5,183 per share, for a total transaction of £9,899.53. 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.