Reckitt Benckiser Group plc (LON:RKT) Receives GBX 6,242.86 Average PT from Analysts

Shares of Reckitt Benckiser Group plc (LON:RKT) have been assigned an average recommendation of “Hold” from the seven research firms that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is GBX 6,121.71.

A number of equities analysts have recently commented on the company. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 6,200 target price on shares of Reckitt Benckiser Group in a report on Wednesday, July 29th. Berenberg Bank raised their price target on Reckitt Benckiser Group from GBX 5,179 to GBX 5,352 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 5,900 price objective on shares of Reckitt Benckiser Group in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 5,400 price objective on shares of Reckitt Benckiser Group in a research note on Thursday, July 30th. Finally, Citigroup cut their price objective on shares of Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating on the stock in a research report on Thursday, April 23rd.

Insider Activity at Reckitt Benckiser Group

In other news, insider Deepak Nath acquired 257 shares of Reckitt Benckiser Group stock in a transaction that occurred on Tuesday, June 23rd. The shares were bought at an average cost of GBX 4,650 per share, with a total value of £11,950.50. Also, insider Shannon Eisenhardt acquired 432 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was purchased at an average cost of £432 per share, with a total value of £186,624. In the last ninety days, insiders have bought 1,029 shares of company stock worth $21,416,350. Insiders own 0.45% of the company’s stock.

Reckitt Benckiser Group Stock Down 0.7%

Shares of LON:RKT opened at GBX 5,268 on Monday. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 179.24. Reckitt Benckiser Group has a 12 month low of GBX 3,866 and a 12 month high of GBX 6,522.92. The company has a 50-day moving average price of GBX 4,906.04 and a 200 day moving average price of GBX 5,240.26. The company has a market cap of £33.45 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 1.10 and a beta of 0.26.

Reckitt Benckiser Group (LON:RKT) last issued its quarterly earnings data on Wednesday, July 29th. The company reported GBX 101.40 earnings per share for the quarter. Reckitt Benckiser Group had a return on equity of 42.87% and a net margin of 21.09%. As a group, equities research analysts predict that Reckitt Benckiser Group will post 331.2110727 earnings per share for the current 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.