Reckitt Benckiser Group (LON:RKT) Price Target Raised to GBX 6,400

Reckitt Benckiser Group (LON:RKT) had its target price raised by Royal Bank Of Canada from GBX 6,000 to GBX 6,400 in a report published on Thursday morning, Marketbeat Ratings reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Other equities research analysts have also issued research reports about the company. Berenberg Bank lowered their price objective on Reckitt Benckiser Group from GBX 5,920 to GBX 5,555 and set a “hold” rating on the stock in a report on Wednesday, August 6th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 5,200 price objective on shares of Reckitt Benckiser Group in a report on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 5,300 target price on shares of Reckitt Benckiser Group in a report on Monday, July 21st. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 7,700 price target on shares of Reckitt Benckiser Group in a research note on Friday, October 17th. Two 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 stock has a consensus rating of “Hold” and a consensus price target of GBX 6,031.

Reckitt Benckiser Group Stock Down 0.1%

Shares of Reckitt Benckiser Group stock opened at GBX 5,896.29 on Thursday. Reckitt Benckiser Group has a one year low of GBX 4,579 and a one year high of GBX 6,014. The company has a market cap of £39.84 billion, a P/E ratio of 32.40, a PEG ratio of 1.10 and a beta of 0.09. The company has a debt-to-equity ratio of 110.26, a quick ratio of 0.46 and a current ratio of 0.69. The firm has a fifty day moving average of GBX 5,676.47 and a two-hundred day moving average of GBX 5,274.48.

Reckitt Benckiser Group (LON:RKT) last issued its earnings results on Thursday, July 24th. The company reported GBX 141.20 earnings per share for the quarter. Reckitt Benckiser Group had a net margin of 10.78% and a return on equity of 18.70%. On average, analysts forecast that Reckitt Benckiser Group will post 331.2110727 earnings per share for the current year.

Insider Transactions at Reckitt Benckiser Group

In other Reckitt Benckiser Group news, insider Jeremy Darroch acquired 1,652 shares of the firm’s stock in a transaction that occurred on Tuesday, July 29th. The shares were acquired at an average cost of GBX 5,649 per share, for a total transaction of £93,321.48. Also, insider Margherita Della bought 267 shares of the company’s stock in a transaction on Tuesday, July 29th. The shares were acquired at an average price of GBX 5,649 per share, with a total value of £15,082.83. Over the last quarter, insiders acquired 2,212 shares of company stock worth $12,488,849. Corporate insiders own 0.42% 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.