Reckitt Benckiser Group plc (LON:RKT) Given Average Rating of “Hold” by Analysts

Reckitt Benckiser Group plc (LON:RKT) has been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is GBX 6,121.71.

RKT has been the topic of several recent analyst reports. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 6,200 target price on shares of Reckitt Benckiser Group in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 5,400 price target on shares of Reckitt Benckiser Group in a research note on Thursday, July 30th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 5,900 price objective on shares of Reckitt Benckiser Group in a report on Wednesday, July 29th. Finally, Berenberg Bank boosted their price objective on 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.

Reckitt Benckiser Group Stock Performance

RKT opened at GBX 5,100 on Friday. The firm has a fifty day moving average price of GBX 5,067.22 and a 200 day moving average price of GBX 5,145.53. Reckitt Benckiser Group has a 1 year low of GBX 3,866 and a 1 year high of GBX 6,522.92. The stock has a market cap of £32.39 billion, a P/E ratio of 11.55, a P/E/G ratio of 1.10 and a beta of 0.26. The company has a debt-to-equity ratio of 179.24, a current ratio of 0.59 and a quick ratio of 0.46.

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

Insider Buying and Selling

In related news, insider Marybeth Hays acquired 340 shares of Reckitt Benckiser Group stock in a transaction on 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 acquired 432 shares of Reckitt Benckiser Group stock in a transaction on Friday, June 12th. The shares were bought at an average price of £432 per share, with a total value of £186,624. In the last quarter, insiders purchased 1,029 shares of company stock valued at $21,416,350. 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.