Reckitt Benckiser Group (LON:RKT) Posts Earnings Results

Reckitt Benckiser Group (LON:RKT) released its quarterly earnings results on Friday. The company reported GBX 147.08 earnings per share 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 Trading Up 0.4%

Shares of RKT traded up GBX 21 during midday trading on Friday, hitting GBX 5,018. The stock had a trading volume of 1,970,654 shares, compared to its average volume of 25,951,900. Reckitt Benckiser Group has a 1 year low of GBX 3,866 and a 1 year high of GBX 6,522.92. 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 stock’s 50 day moving average is GBX 4,706.82 and its 200 day moving average is GBX 5,378.55. The firm has a market cap of £31.87 billion, a PE ratio of 10.31, a price-to-earnings-growth ratio of 1.10 and a beta of 0.25.

Analysts Set New Price Targets

Several research firms recently issued reports on RKT. Royal Bank Of Canada reaffirmed a “neutral” rating and issued a GBX 6,200 price objective on shares of Reckitt Benckiser Group in a research 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 report on Tuesday, April 28th. Berenberg Bank dropped their price target on shares of Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating on the stock in a report on Friday, April 24th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 5,600 target price on shares of Reckitt Benckiser Group in a research note on Tuesday, June 16th. Finally, Citigroup 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 report on Thursday, April 23rd. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Reckitt Benckiser Group currently has an average rating of “Hold” and a consensus price target of GBX 6,204.29.

Insider Transactions at Reckitt Benckiser Group

In other news, insider Kris Licht sold 5,435 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of GBX 4,753, for a total value of £258,325.55. Also, insider Deepak Nath bought 257 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was bought at an average price of GBX 4,650 per share, for a total transaction of £11,950.50. Insiders purchased 1,029 shares of company stock worth $21,416,350 in the last ninety days. 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.