Reckitt Benckiser Group (LON:RKT) Downgraded to “Sector perform” Rating by Royal Bank Of Canada

Reckitt Benckiser Group (LON:RKT) was downgraded by equities research analysts at Royal Bank Of Canada to a “sector perform” rating in a note issued to investors on Wednesday, MarketBeat reports. They currently have a GBX 6,200 target price on the stock, down from their previous target price of GBX 6,400. Royal Bank Of Canada’s price objective points to a potential upside of 0.44% from the company’s previous close.

A number of other brokerages also recently commented on RKT. JPMorgan Chase & Co. boosted their price objective on shares of Reckitt Benckiser Group from GBX 5,500 to GBX 6,100 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. UBS Group restated a “buy” rating and set a GBX 7,700 price target on shares of Reckitt Benckiser Group in a report on Friday, October 17th. Jefferies Financial Group upped their price target on shares of Reckitt Benckiser Group from GBX 5,500 to GBX 5,700 and gave the stock a “hold” rating in a research note on Wednesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Reckitt Benckiser Group from GBX 5,600 to GBX 5,700 and gave the company a “buy” rating in a research report on Friday, October 24th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of GBX 6,279.29.

Reckitt Benckiser Group Price Performance

Shares of RKT opened at GBX 6,173 on Wednesday. The company has a market capitalization of £41.51 billion, a price-to-earnings ratio of 33.92, a P/E/G ratio of 1.10 and a beta of 0.09. Reckitt Benckiser Group has a fifty-two week low of GBX 4,579 and a fifty-two week high of GBX 6,262. The company has a debt-to-equity ratio of 110.26, a current ratio of 0.69 and a quick ratio of 0.46. The business’s 50-day moving average is GBX 5,964.51 and its 200-day moving average is GBX 5,688.66.

Insider Activity

In other Reckitt Benckiser Group news, insider Patricia Verduin acquired 135 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The stock was purchased at an average cost of GBX 5,867 per share, for a total transaction of £7,920.45. Insiders own 0.42% 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.