Jefferies Financial Group Forecasts Strong Price Appreciation for Reckitt Benckiser Group (LON:RKT) Stock

Reckitt Benckiser Group (LON:RKT) had its target price lifted by investment analysts at Jefferies Financial Group from GBX 5,500 to GBX 5,700 in a research note issued to investors on Wednesday,Digital Look reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s price objective indicates a potential downside of 7.62% from the company’s previous close.

A number of other brokerages have also recently weighed in on RKT. Royal Bank Of Canada upped their price objective on Reckitt Benckiser Group from GBX 6,000 to GBX 6,400 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. UBS Group reiterated a “buy” rating and issued a GBX 7,700 target price on shares of Reckitt Benckiser Group in a report on Friday, October 17th. JPMorgan Chase & Co. raised their price target on shares of Reckitt Benckiser Group from GBX 5,500 to GBX 6,100 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Reckitt Benckiser Group from GBX 5,600 to GBX 5,700 and gave the stock a “buy” rating in a research note on Friday, October 24th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 6,192.50.

Reckitt Benckiser Group Stock Up 1.9%

LON:RKT traded up GBX 116 during trading hours on Wednesday, reaching GBX 6,170. The company’s stock had a trading volume of 1,467,905 shares, compared to its average volume of 9,814,862. The stock has a 50 day moving average price of GBX 5,928.46 and a two-hundred day moving average price of GBX 5,647.48. The company has a debt-to-equity ratio of 110.26, a quick ratio of 0.46 and a current ratio of 0.69. The company has a market capitalization of £41.49 billion, a P/E ratio of 33.90, a price-to-earnings-growth ratio of 1.10 and a beta of 0.09. Reckitt Benckiser Group has a 12 month low of GBX 4,579 and a 12 month high of GBX 6,182.

Insider Activity at Reckitt Benckiser Group

In related news, insider Patricia Verduin acquired 135 shares of the company’s stock in a transaction dated Wednesday, October 29th. The shares were purchased at an average cost of GBX 5,867 per share, with a total value 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.