Reckitt Benckiser Group (LON:RKT) Earns Sector perform Rating from Royal Bank Of Canada

Reckitt Benckiser Group (LON:RKT)‘s stock had its “sector perform” rating restated by research analysts at Royal Bank Of Canada in a research report issued on Wednesday,Digital Look reports. They currently have a GBX 6,200 target price on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 15.67% from the stock’s previous close.

RKT has been the subject of a number of other reports. 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 for the company in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Reckitt Benckiser Group from GBX 5,460 to GBX 5,430 and set a “hold” rating on the stock in a research note on Tuesday, April 28th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 5,900 target price on shares of Reckitt Benckiser Group in a research report on Wednesday. Finally, Citigroup cut their price target on Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 6,247.14.

Reckitt Benckiser Group Price Performance

Shares of RKT stock opened at GBX 5,360 on Wednesday. The firm has a market cap of £34.04 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 1.10 and a beta of 0.25. Reckitt Benckiser Group has a 12 month low of GBX 3,866 and a 12 month high of GBX 6,522.92. The company has a quick ratio of 0.46, a current ratio of 0.85 and a debt-to-equity ratio of 108.83. The stock has a 50-day moving average price of GBX 4,823.43 and a 200 day moving average price of GBX 5,284.09.

Reckitt Benckiser Group (LON:RKT) last released its earnings results on Wednesday, July 29th. The company reported GBX 101.40 earnings per share (EPS) for the quarter. Reckitt Benckiser Group had a net margin of 22.40% and a return on equity of 45.27%. Research analysts expect that Reckitt Benckiser Group will post 331.2110727 EPS for the current year.

Insider Activity at Reckitt Benckiser Group

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

Reckitt Benckiser Group Company Profile

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.