Reckitt Benckiser Group (LON:RKT) Given “Sector perform” Rating at Royal Bank Of Canada

Royal Bank Of Canada reiterated their sector perform rating on shares of Reckitt Benckiser Group (LON:RKT) in a research note released on Wednesday,Digital Look reports. Royal Bank Of Canada currently has a GBX 6,200 target price on the stock.

A number of other equities research analysts also recently weighed in on the company. Jefferies Financial Group restated a “buy” rating and set a GBX 5,900 target price on shares of Reckitt Benckiser Group in a research report on Wednesday. Deutsche Bank Aktiengesellschaft dropped their price target on shares of 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 reduced their price objective on shares of Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating on the stock in a research note on Friday, April 24th. Finally, Citigroup dropped their target price on shares of Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 6,247.14.

Reckitt Benckiser Group Stock Down 1.0%

LON RKT opened at GBX 5,348 on Wednesday. The stock’s 50 day simple moving average is GBX 4,823.43 and its 200 day simple moving average is GBX 5,284.09. The company has a debt-to-equity ratio of 108.83, a current ratio of 0.85 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 firm has a market cap of £33.96 billion, a PE ratio of 10.99, a price-to-earnings-growth ratio of 1.10 and a beta of 0.25.

Reckitt Benckiser Group (LON:RKT) last announced its earnings results on Wednesday, July 29th. The company reported GBX 101.40 earnings per share for the quarter. Reckitt Benckiser Group had a return on equity of 45.27% and a net margin of 22.40%. As a group, sell-side analysts forecast that Reckitt Benckiser Group will post 331.2110727 earnings per share for the current fiscal year.

Insider Buying and Selling at Reckitt Benckiser Group

In other news, insider Deepak Nath purchased 257 shares of Reckitt Benckiser Group stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average cost of GBX 4,650 per share, with a total value of £11,950.50. Also, insider Shannon Eisenhardt purchased 432 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was purchased at an average cost of £432 per share, with a total value of £186,624. Over the last 90 days, insiders bought 1,029 shares of company stock valued at $21,416,350. 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.