Reckitt Benckiser Group’s (RKT) “Buy” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Reckitt Benckiser Group (LON:RKT) in a report released on Wednesday morning,Digital Look reports. They currently have a GBX 5,900 price objective on the stock.

RKT has been the subject of several other reports. JPMorgan Chase & Co. boosted their target price on shares of Reckitt Benckiser Group from GBX 5,800 to GBX 6,500 and gave the company an “overweight” rating in a research note on Tuesday, September 1st. Berenberg Bank raised their price target on shares of Reckitt Benckiser Group from GBX 5,179 to GBX 5,352 and gave the company a “hold” rating in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 5,400 price target on shares of Reckitt Benckiser Group in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 6,200 price objective on shares of Reckitt Benckiser Group in a report on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 5,925.33.

Reckitt Benckiser Group Stock Up 2.6%

Shares of RKT opened at GBX 5,420 on Wednesday. Reckitt Benckiser Group has a 52 week low of GBX 3,866 and a 52 week high of GBX 6,522.92. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 179.24. The company has a market capitalization of £34.36 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 1.10 and a beta of 0.26. The stock’s 50-day moving average price is GBX 5,161.10 and its 200-day moving average price is GBX 5,233.95.

Reckitt Benckiser Group (LON:RKT) last announced its quarterly 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 42.87% and a net margin of 21.09%. On average, sell-side analysts predict that Reckitt Benckiser Group will post 331.21 EPS for the current year.

Insider Buying and Selling

In other Reckitt Benckiser Group news, insider Gavin Patterson acquired 191 shares of the business’s stock in a transaction dated 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 bought 152 shares of Reckitt Benckiser Group stock in a transaction dated Wednesday, August 26th. The shares were acquired at an average cost of GBX 5,189 per share, with a total value of £7,887.28. Corporate insiders own 0.44% of the company’s stock.

About Reckitt Benckiser Group

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.