Reckitt Benckiser Group (LON:RKT) Price Target Raised to GBX 5,352

Reckitt Benckiser Group (LON:RKT) had its target price hoisted by Berenberg Bank from GBX 5,179 to GBX 5,352 in a report issued on Wednesday,Digital Look reports. Berenberg Bank currently has a hold rating on the stock.

RKT has been the subject of a number of other reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 5,900 price target on shares of Reckitt Benckiser Group in a research report on Wednesday, July 29th. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 6,200 price objective on shares of Reckitt Benckiser Group in a research report on Wednesday, July 29th. Citigroup reduced their price objective on Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 5,400 target price on shares of Reckitt Benckiser Group in a research report on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of GBX 6,121.71.

Reckitt Benckiser Group Trading Up 0.4%

Shares of RKT stock opened at GBX 5,270 on Wednesday. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 179.24. Reckitt Benckiser Group has a fifty-two week low of GBX 3,866 and a fifty-two week high of GBX 6,522.92. The firm’s 50 day moving average price is GBX 4,906.04 and its two-hundred day moving average price is GBX 5,246.38. The stock has a market cap of £33.47 billion, a price-to-earnings ratio of 11.93, a price-to-earnings-growth ratio of 1.10 and a beta of 0.26.

Reckitt Benckiser Group (LON:RKT) last released its quarterly earnings data on Wednesday, July 29th. The company reported GBX 101.40 earnings per share (EPS) for the quarter. Reckitt Benckiser Group had a net margin of 21.09% and a return on equity of 42.87%. On average, analysts anticipate that Reckitt Benckiser Group will post 331.2110727 EPS for the current year.

Insiders Place Their Bets

In other Reckitt Benckiser Group news, insider Marybeth Hays bought 340 shares of the stock in a transaction dated Monday, June 1st. The stock was bought at an average cost of GBX 4,585 per share, for a total transaction of £15,589. Also, insider Shannon Eisenhardt bought 432 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were acquired at an average cost of £432 per share, for a total transaction of £186,624. Insiders have bought 1,029 shares of company stock worth $21,416,350 in the last quarter. 0.45% of the stock is owned by corporate 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.