Reckitt Benckiser Group (LON:RKT) Posts Earnings Results

Reckitt Benckiser Group (LON:RKT) announced 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 net margin of 22.40% and a return on equity of 45.27%.

Reckitt Benckiser Group Stock Performance

Shares of LON RKT traded up GBX 21 during mid-day trading on Friday, reaching GBX 5,018. 1,970,654 shares of the company’s stock were exchanged, compared to its average volume of 25,951,900. The firm has a 50-day moving average price of GBX 4,714.32 and a two-hundred day moving average price of GBX 5,376.02. 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 £31.87 billion, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 1.10 and a beta of 0.25. Reckitt Benckiser Group has a 52 week low of GBX 3,866 and a 52 week high of GBX 6,522.92.

Insider Activity at Reckitt Benckiser Group

In related news, insider Marybeth Hays acquired 340 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was acquired at an average price of GBX 4,585 per share, for a total transaction of £15,589. Also, insider Deepak Nath purchased 257 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average price of GBX 4,650 per share, with a total value of £11,950.50. Insiders have purchased a total of 1,029 shares of company stock worth $21,416,350 in the last ninety days. Corporate insiders own 0.44% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on RKT shares. Citigroup cut 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 report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of 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. Jefferies Financial Group reissued a “hold” rating and set a GBX 5,600 price target on shares of Reckitt Benckiser Group in a research report on Tuesday, June 16th. Royal Bank Of Canada restated a “neutral” rating and set a GBX 6,200 price target on shares of Reckitt Benckiser Group in a report on Friday, May 15th. Finally, Berenberg Bank reduced their price objective 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 Friday, April 24th. 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 data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of GBX 6,204.29.

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.