Berenberg Bank Issues Positive Forecast for Reckitt Benckiser Group (LON:RKT) Stock Price

Reckitt Benckiser Group (LON:RKT) had its price target lifted by Berenberg Bank from GBX 5,352 to GBX 5,382 in a report issued on Monday, Digital Look reports. The brokerage currently has a “hold” rating on the stock. Berenberg Bank‘s price objective suggests a potential downside of 0.88% from the stock’s current price.

A number of other equities analysts also recently weighed in on the stock. Royal Bank Of Canada reaffirmed 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. Jefferies Financial Group reissued a “buy” rating and issued a GBX 5,900 price target on shares of Reckitt Benckiser Group in a research report on Wednesday, October 28th. JPMorgan Chase & Co. upped their price target on Reckitt Benckiser Group from GBX 5,800 to GBX 6,500 and gave the stock an “overweight” rating in a research note on Tuesday, September 1st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 5,400 price objective on shares of Reckitt Benckiser Group in a research report on Thursday, July 30th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 5,930.33.

Reckitt Benckiser Group Trading Up 0.4%

LON:RKT opened at GBX 5,430 on Monday. The firm has a market capitalization of £34.42 billion, a P/E ratio of 12.30, a PEG ratio of 1.10 and a beta of 0.26. The company has a debt-to-equity ratio of 179.24, a current ratio of 0.59 and a quick ratio of 0.46. Reckitt Benckiser Group has a one year low of GBX 3,866 and a one year high of GBX 6,522.92. The company’s 50-day simple moving average is GBX 5,161.10 and its 200 day simple moving average is GBX 5,233.95.

Insider Activity

In other news, insider Gavin Patterson acquired 191 shares of Reckitt Benckiser Group stock in a transaction on Wednesday, August 26th. The stock was acquired at an average cost of GBX 5,183 per share, for a total transaction of £9,899.53. Also, insider Deborah Waterhouse acquired 152 shares of Reckitt Benckiser Group stock in a transaction on Wednesday, August 26th. The shares were purchased at an average price of GBX 5,189 per share, with a total value of £7,887.28. Corporate 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.