Reckitt Benckiser Group plc (LON:RKT) Given Average Rating of “Hold” by Analysts

Shares of Reckitt Benckiser Group plc (LON:RKT) have earned a consensus recommendation of “Hold” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 6,204.29.

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their target price on Reckitt Benckiser Group from GBX 5,460 to GBX 5,430 and set a “hold” rating on the stock in a research report on Tuesday, April 28th. Citigroup dropped 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 report on Thursday, April 23rd. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 5,600 target price on shares of Reckitt Benckiser Group in a research report on Tuesday, May 12th. Royal Bank Of Canada reaffirmed a “neutral” rating and issued a GBX 6,200 target price on shares of Reckitt Benckiser Group in a research report on Friday, May 15th. Finally, Berenberg Bank dropped 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 report on Friday, April 24th.

Insiders Place Their Bets

In other Reckitt Benckiser Group news, insider Kris Licht sold 5,435 shares of the company’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of GBX 4,753, for a total value of £258,325.55. 0.44% of the stock is currently owned by insiders.

Reckitt Benckiser Group Stock Down 2.3%

Shares of Reckitt Benckiser Group stock opened at GBX 4,658 on Wednesday. The stock has a 50-day moving average price of GBX 5,003.47 and a 200 day moving average price of GBX 5,683.44. The company has a market cap of £29.83 billion, a P/E ratio of 9.57, a P/E/G ratio of 1.10 and a beta of 0.25. The company has a current ratio of 0.85, a quick ratio of 0.46 and a debt-to-equity ratio of 108.83. Reckitt Benckiser Group has a 1 year low of GBX 4,518 and a 1 year high of GBX 6,522.92.

Reckitt Benckiser Group (LON:RKT) last announced its quarterly earnings data on Thursday, March 5th. The company reported £122.58 earnings per share (EPS) for the quarter. Reckitt Benckiser Group had a return on equity of 38.45% and a net margin of 25.23%. As a group, analysts expect that Reckitt Benckiser Group will post 331.2110727 EPS for the current fiscal year.

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.