Royal Bank Of Canada Reaffirms Neutral Rating for Reckitt Benckiser Group (LON:RKT)

Reckitt Benckiser Group (LON:RKT)‘s stock had its “neutral” rating reiterated by Royal Bank Of Canada in a report issued on Friday,London Stock Exchange reports. They presently have a GBX 6,200 price objective on the stock. Royal Bank Of Canada’s target price points to a potential upside of 35.70% from the company’s current price.

RKT has been the subject of several other reports. Deutsche Bank Aktiengesellschaft dropped their price target on Reckitt Benckiser Group from GBX 5,460 to GBX 5,430 and set a “hold” rating for the company in a research note on Tuesday, April 28th. Berenberg Bank decreased their target price on Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating for the company in a report on Friday, April 24th. Jefferies Financial Group reissued a “hold” rating and set a GBX 5,600 target price on shares of Reckitt Benckiser Group in a research report on Tuesday. Finally, Citigroup cut their price target on shares of Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Reckitt Benckiser Group currently has a consensus rating of “Hold” and an average target price of GBX 6,204.29.

Reckitt Benckiser Group Trading Up 0.5%

Shares of RKT traded up GBX 23 during mid-day trading on Friday, hitting GBX 4,569. The company had a trading volume of 69,252,820 shares, compared to its average volume of 19,312,473. Reckitt Benckiser Group has a 1-year low of GBX 4,518 and a 1-year high of GBX 6,522.92. The business’s 50-day simple moving average is GBX 5,070.88 and its 200-day simple moving average is GBX 5,709.01. The stock has a market cap of £29.26 billion, a PE ratio of 9.39, a P/E/G ratio of 1.10 and a beta of 0.25. The company has a quick ratio of 0.46, a current ratio of 0.85 and a debt-to-equity ratio of 108.83.

Reckitt Benckiser Group (LON:RKT) last posted its quarterly 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%. Sell-side analysts forecast that Reckitt Benckiser Group will post 331.2110727 earnings per share for the current year.

Insider Buying and Selling at Reckitt Benckiser Group

In other 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 owned by insiders.

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.