Reckitt Benckiser Group (LON:RKT) Releases Quarterly Earnings Results

Reckitt Benckiser Group (LON:RKT) released its quarterly earnings results on Friday. The company reported GBX 147.08 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Reckitt Benckiser Group had a return on equity of 45.27% and a net margin of 22.40%.

Reckitt Benckiser Group Price Performance

RKT traded up GBX 35 during trading on Friday, hitting GBX 5,032. 5,730,744 shares of the company traded hands, compared to its average volume of 25,980,385. The company has a current ratio of 0.85, a quick ratio of 0.46 and a debt-to-equity ratio of 108.83. The company has a market cap of £31.96 billion, a PE ratio of 10.34, a P/E/G ratio of 1.10 and a beta of 0.25. The stock’s 50-day simple moving average is GBX 4,706.82 and its two-hundred day simple moving average is GBX 5,378.55. Reckitt Benckiser Group has a 1 year low of GBX 3,866 and a 1 year high of GBX 6,522.92.

Wall Street Analysts Forecast Growth

A number of analysts have commented on RKT shares. Royal Bank Of Canada reaffirmed a “neutral” rating and set a GBX 6,200 target price on shares of Reckitt Benckiser Group in a report on Friday, May 15th. Deutsche Bank Aktiengesellschaft reduced their price objective on Reckitt Benckiser Group from GBX 5,460 to GBX 5,430 and set a “hold” rating for the company in a research note on Tuesday, April 28th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 5,600 target price on shares of Reckitt Benckiser Group in a report on Tuesday, June 16th. Citigroup lowered their price objective on Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Finally, Berenberg Bank cut their price objective on Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating for the company in a research note on Friday, April 24th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of GBX 6,204.29.

Insider Activity at Reckitt Benckiser Group

In other news, insider Shannon Eisenhardt purchased 432 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was bought at an average cost of £432 per share, with a total value of £186,624. Also, insider Deepak Nath purchased 257 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were purchased at an average price of GBX 4,650 per share, with a total value of £11,950.50. Insiders have acquired 1,029 shares of company stock worth $21,416,350 in the last quarter. 0.44% of the stock is owned by company insiders.

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.