Reckitt Benckiser Group’s (RKT) “Sector perform” Rating Reiterated at Royal Bank Of Canada

Reckitt Benckiser Group (LON:RKT)‘s stock had its “sector perform” rating reiterated by research analysts at Royal Bank Of Canada in a note issued to investors on Thursday,Digital Look reports. They presently have a GBX 6,200 target price on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 30.09% from the stock’s current price.

Several other research analysts have also commented on the company. Berenberg Bank reduced their price target on Reckitt Benckiser Group from GBX 5,647 to GBX 5,479 and set a “hold” rating for the company in a research report on Tuesday, March 10th. Jefferies Financial Group reduced 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 report on Tuesday, March 31st. Citigroup reduced their price target on Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating for the company in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Reckitt Benckiser Group from GBX 5,500 to GBX 5,460 and set a “hold” rating for the company in a research report on Wednesday, March 25th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Reckitt Benckiser Group presently has a consensus rating of “Hold” and an average price target of GBX 6,105.57.

Reckitt Benckiser Group Stock Up 1.6%

LON RKT traded up GBX 74 on Thursday, reaching GBX 4,766. 168,689,406 shares of the stock traded hands, compared to its average volume of 18,851,004. The company has a debt-to-equity ratio of 108.83, a quick ratio of 0.46 and a current ratio of 0.85. The company has a fifty day moving average price of GBX 5,556.96 and a 200-day moving average price of GBX 5,819.94. The company has a market cap of £30.67 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 1.10 and a beta of 0.30. Reckitt Benckiser Group has a 12 month low of GBX 4,574 and a 12 month high of GBX 6,522.92.

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 return on equity of 38.45% and a net margin of 25.23%. As a group, research analysts forecast 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.