Citigroup Has Lowered Expectations for Reckitt Benckiser Group (LON:RKT) Stock Price

Reckitt Benckiser Group (LON:RKT) had its price target decreased by stock analysts at Citigroup from GBX 7,000 to GBX 6,200 in a research note issued on Thursday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 30.36% from the stock’s current price.

A number of other research firms also recently weighed in on RKT. Jefferies Financial Group decreased their price target on Reckitt Benckiser Group from GBX 5,900 to GBX 5,600 and set a “hold” rating for the company in a research note on Tuesday, March 31st. Royal Bank Of Canada downgraded shares of Reckitt Benckiser Group to a “sector perform” rating and cut their price target for the stock from GBX 6,400 to GBX 6,200 in a report on Wednesday, January 14th. Berenberg Bank dropped their price objective on shares of Reckitt Benckiser Group from GBX 5,647 to GBX 5,479 and set a “hold” rating for the company in a report on Tuesday, March 10th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Reckitt Benckiser Group from GBX 5,500 to GBX 5,460 and set a “hold” rating for the company in a research note on Wednesday, March 25th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of GBX 6,105.57.

Reckitt Benckiser Group Stock Up 1.4%

Shares of RKT traded up GBX 64 during mid-day trading on Thursday, reaching GBX 4,756. The company’s stock had a trading volume of 48,988,809 shares, compared to its average volume of 17,316,381. Reckitt Benckiser Group has a 1 year low of GBX 4,574 and a 1 year high of GBX 6,522.92. The company has a quick ratio of 0.46, a current ratio of 0.85 and a debt-to-equity ratio of 108.83. The company has a market cap of £30.61 billion, a price-to-earnings ratio of 9.77, a price-to-earnings-growth ratio of 1.10 and a beta of 0.30. The business has a fifty day moving average of GBX 5,556.96 and a 200 day moving average of GBX 5,819.94.

Reckitt Benckiser Group (LON:RKT) last released its quarterly earnings results on Thursday, March 5th. The company reported £122.58 EPS for the quarter. Reckitt Benckiser Group had a net margin of 25.23% and a return on equity of 38.45%. As a group, analysts forecast that Reckitt Benckiser Group will post 331.2110727 earnings per share for the current fiscal year.

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.