Reckitt Benckiser Group’s (RKT) “Buy” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Reckitt Benckiser Group (LON:RKT) in a research note issued to investors on Wednesday,Digital Look reports. The firm currently has a GBX 5,900 price target on the stock.

A number of other brokerages also recently issued reports on RKT. Royal Bank Of Canada restated a “neutral” rating and set a GBX 6,200 price target on shares of Reckitt Benckiser Group in a report on Friday, May 15th. Deutsche Bank Aktiengesellschaft decreased their price target on Reckitt Benckiser Group from GBX 5,460 to GBX 5,430 and set a “hold” rating on the stock in a research note on Tuesday, April 28th. Berenberg Bank lowered 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 report on Friday, April 24th. Finally, Citigroup cut their price objective 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, April 23rd. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 6,242.86.

Reckitt Benckiser Group Trading Down 1.1%

Shares of RKT stock opened at GBX 5,240 on Wednesday. The company’s 50-day moving average price is GBX 4,846.05 and its 200-day moving average price is GBX 5,277.66. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 179.24. The stock has a market cap of £33.28 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 1.10 and a beta of 0.25. 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 net margin of 21.09% and a return on equity of 42.87%. As a group, equities analysts predict that Reckitt Benckiser Group will post 331.2110727 earnings per share for the current year.

Insider Activity at Reckitt Benckiser Group

In other news, insider Shannon Eisenhardt acquired 432 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were purchased at an average price of £432 per share, for a total transaction of £186,624. Also, insider Deepak Nath bought 257 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were purchased at an average cost of GBX 4,650 per share, for a total transaction of £11,950.50. In the last 90 days, insiders have bought 1,029 shares of company stock worth $21,416,350. 0.44% of the stock is currently owned by company insiders.

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.