Reckitt Benckiser Group plc (LON:RKT) Stock Has Consensus Target Price of GBX 6,178.86

Reckitt Benckiser Group plc (LON:RKT) has earned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 6,178.86.

A number of equities analysts have weighed in on RKT shares. Berenberg Bank increased their price target on shares of Reckitt Benckiser Group from GBX 5,179 to GBX 5,352 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. boosted their price target on Reckitt Benckiser Group from GBX 5,800 to GBX 6,500 and gave the stock an “overweight” rating in a research report on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 5,400 price objective on shares of Reckitt Benckiser Group in a research report on Thursday, July 30th. Royal Bank Of Canada reiterated 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. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 5,900 price target on shares of Reckitt Benckiser Group in a research note on Wednesday, July 29th.

Insider Activity

In other news, insider Deborah Waterhouse acquired 152 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were bought at an average price of GBX 5,189 per share, with a total value of £7,887.28. Also, insider Gavin Patterson bought 191 shares of Reckitt Benckiser Group stock in a transaction that occurred on Wednesday, August 26th. The shares were acquired at an average price of GBX 5,183 per share, with a total value of £9,899.53. 0.45% of the stock is currently owned by corporate insiders.

Reckitt Benckiser Group Stock Up 0.1%

Shares of LON RKT opened at GBX 4,928 on Tuesday. The firm has a 50-day moving average price of GBX 5,113.77 and a 200 day moving average price of GBX 4,973.20. The stock has a market capitalization of £31.27 billion, a price-to-earnings ratio of 11.16, a price-to-earnings-growth ratio of 1.10 and a beta of 0.26. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 179.24. Reckitt Benckiser Group has a 52 week low of GBX 3,866 and a 52 week high of GBX 6,522.92.

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 EPS for the current fiscal year.

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.