Reckitt Benckiser Group (LON:RKT) Price Target Raised to GBX 5,352

Reckitt Benckiser Group (LON:RKT) had its target price hoisted by equities research analysts at Berenberg Bank from GBX 5,179 to GBX 5,352 in a research report issued on Wednesday,Digital Look reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 0.26% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on RKT. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 5,900 price objective on shares of Reckitt Benckiser Group in a research note on Wednesday, July 29th. Citigroup decreased their target price 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. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 6,200 target price on shares of Reckitt Benckiser Group in a research note on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 5,400 target price on shares of Reckitt Benckiser Group in a research report on Thursday, July 30th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of GBX 6,121.71.

Reckitt Benckiser Group Stock Performance

LON:RKT opened at GBX 5,338 on Wednesday. The company has a debt-to-equity ratio of 179.24, a quick ratio of 0.46 and a current ratio of 0.59. The stock has a market capitalization of £33.90 billion, a P/E ratio of 12.09, a PEG ratio of 1.10 and a beta of 0.25. The company has a 50 day moving average price of GBX 4,870.23 and a 200 day moving average price of GBX 5,258.16. Reckitt Benckiser Group has a fifty-two week low of GBX 3,866 and a fifty-two week high of GBX 6,522.92.

Reckitt Benckiser Group (LON:RKT) last posted its earnings results on Wednesday, July 29th. The company reported GBX 101.40 earnings per share for the quarter. Reckitt Benckiser Group had a net margin of 21.09% and a return on equity of 42.87%. Equities research analysts forecast that Reckitt Benckiser Group will post 331.2110727 EPS for the current year.

Insider Transactions at Reckitt Benckiser Group

In other Reckitt Benckiser Group news, insider Deepak Nath bought 257 shares of the company’s stock in a transaction that occurred 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. Also, insider Marybeth Hays purchased 340 shares of the business’s stock in a transaction 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. In the last three months, insiders bought 1,029 shares of company stock valued at $21,416,350. 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.