Reckitt Benckiser Group plc (LON:RKT) Stock Has Consensus Price Target of GBX 5,925.33 According to Brokerages

Reckitt Benckiser Group plc (LON:RKT) has been given a consensus rating of “Moderate Buy” by the six analysts that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 5,925.33.

Several research firms have issued reports on RKT. JPMorgan Chase & Co. upped their price objective on Reckitt Benckiser Group from GBX 5,800 to GBX 6,500 and gave the stock an “overweight” rating in a report on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 5,400 price objective on shares of Reckitt Benckiser Group in a report on Thursday, July 30th. Berenberg Bank lifted their target price 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. Jefferies Financial Group reduced their price target on Reckitt Benckiser Group from GBX 6,100 to GBX 5,900 and set a “buy” rating for the company in a research report on Thursday, October 1st. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 6,200 price target on shares of Reckitt Benckiser Group in a report on Wednesday, July 29th.

Reckitt Benckiser Group Stock Performance

Shares of RKT stock traded down GBX 6 during trading hours on Friday, reaching GBX 5,480. The stock had a trading volume of 1,327,754 shares, compared to its average volume of 21,354,479. The company has a debt-to-equity ratio of 179.24, a current ratio of 0.59 and a quick ratio of 0.46. The firm has a 50-day simple moving average of GBX 5,097.17 and a 200-day simple moving average of GBX 4,956.68. The firm has a market capitalization of £34.74 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 1.10 and a beta of 0.26. Reckitt Benckiser Group has a twelve month low of GBX 3,866 and a twelve month high of GBX 6,522.92.

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 return on equity of 42.87% and a net margin of 21.09%. As a group, equities analysts forecast that Reckitt Benckiser Group will post 331.21 earnings per share for the current year.

Insider Transactions at Reckitt Benckiser Group

In other Reckitt Benckiser Group news, insider Deborah Waterhouse acquired 152 shares of Reckitt Benckiser Group stock in a transaction that occurred on Wednesday, August 26th. The shares were acquired at an average cost of GBX 5,189 per share, with a total value of £7,887.28. Also, insider Gavin Patterson purchased 191 shares of the stock in a transaction dated Wednesday, August 26th. The shares were bought at an average price of GBX 5,183 per share, with a total value of £9,899.53. Insiders own 0.44% of the company’s stock.

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.