Jefferies Financial Group Issues Pessimistic Forecast for Reckitt Benckiser Group (LON:RKT) Stock Price

Reckitt Benckiser Group (LON:RKT) had its price objective lowered by equities researchers at Jefferies Financial Group from GBX 5,900 to GBX 5,600 in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 9.29% from the stock’s previous close.

Several other equities analysts also recently commented on RKT. Berenberg Bank cut their target price 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. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Reckitt Benckiser Group from GBX 5,500 to GBX 5,460 and set a “hold” rating for the company in a report on Wednesday, March 25th. Royal Bank Of Canada cut shares of Reckitt Benckiser Group to a “sector perform” rating and cut their target price for the company from GBX 6,400 to GBX 6,200 in a research note on Wednesday, January 14th. Finally, Citigroup initiated coverage on Reckitt Benckiser Group in a report on Wednesday, January 14th. They issued a “buy” rating and a GBX 7,000 target price on the stock. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Reckitt Benckiser Group currently has a consensus rating of “Hold” and a consensus price target of GBX 6,219.86.

Reckitt Benckiser Group Stock Performance

Reckitt Benckiser Group stock traded up GBX 22 on Tuesday, hitting GBX 5,124. The company’s stock had a trading volume of 40,670,352 shares, compared to its average volume of 10,626,981. Reckitt Benckiser Group has a one year low of GBX 4,769.79 and a one year high of GBX 6,522.92. The firm has a market cap of £33.05 billion, a P/E ratio of 27.03, a price-to-earnings-growth ratio of 1.10 and a beta of 0.10. The company has a quick ratio of 0.46, a current ratio of 0.85 and a debt-to-equity ratio of 108.83. The company has a fifty day moving average price of GBX 5,905.44 and a 200-day moving average price of GBX 5,886.61.

Reckitt Benckiser Group (LON:RKT) last released its quarterly earnings data on Thursday, March 5th. The company reported £122.58 EPS for the quarter. Reckitt Benckiser Group had a net margin of 25.23% and a return on equity of 38.45%. On average, equities analysts anticipate 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.