Berenberg Bank Cuts Reckitt Benckiser Group (LON:RKT) Price Target to GBX 5,479

Reckitt Benckiser Group (LON:RKT) had its target price cut by Berenberg Bank from GBX 5,647 to GBX 5,479 in a research note released on Tuesday morning, MarketBeat reports. They currently have a hold rating on the stock.

Other equities research analysts also recently issued reports about the company. Jefferies Financial Group lifted their price objective on Reckitt Benckiser Group from GBX 5,500 to GBX 5,700 and gave the company a “hold” rating in a report on Wednesday, January 7th. JPMorgan Chase & Co. increased their target price on Reckitt Benckiser Group from GBX 5,500 to GBX 6,100 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Citigroup assumed coverage on Reckitt Benckiser Group in a research report on Wednesday, January 14th. They set a “buy” rating and a GBX 7,000 target price for the company. Finally, Royal Bank Of Canada lowered Reckitt Benckiser Group to a “sector perform” rating and decreased their price target for the company from GBX 6,400 to GBX 6,200 in a research note on Wednesday, January 14th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of GBX 6,268.43.

Reckitt Benckiser Group Trading Down 0.7%

Shares of RKT stock opened at GBX 5,352 on Tuesday. The firm has a fifty day moving average of GBX 6,124.81 and a 200-day moving average of GBX 5,918.86. The stock has a market cap of £34.52 billion, a price-to-earnings ratio of 28.23, a P/E/G ratio of 1.10 and a beta of 0.10. Reckitt Benckiser Group has a 52-week low of GBX 4,769.79 and a 52-week high of GBX 6,522.92. The company has a debt-to-equity ratio of 108.83, a quick ratio of 0.46 and a current ratio of 0.85.

Reckitt Benckiser Group (LON:RKT) last issued its earnings results on Thursday, March 5th. The company reported £122.58 earnings per share for the quarter. Reckitt Benckiser Group had a net margin of 25.23% and a return on equity of 38.45%. On average, equities research analysts forecast that Reckitt Benckiser Group will post 331.2110727 earnings per share for the current fiscal year.

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.