Jefferies Financial Group Cuts Reckitt Benckiser Group (LON:RKT) Price Target to GBX 5,900

Reckitt Benckiser Group (LON:RKT) had its price objective lowered by Jefferies Financial Group from GBX 6,100 to GBX 5,900 in a research report released on Thursday, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.

Several other analysts also recently issued reports on RKT. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 5,400 price objective on shares of Reckitt Benckiser Group in a report on Thursday, July 30th. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 6,200 target price on shares of Reckitt Benckiser Group in a research report on Wednesday, July 29th. JPMorgan Chase & Co. upped their price target on shares of Reckitt Benckiser Group from GBX 5,800 to GBX 6,500 and gave the company an “overweight” rating in a report on Tuesday, September 1st. Finally, Berenberg Bank raised their price target 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. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Reckitt Benckiser Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 6,178.86.

Reckitt Benckiser Group Stock Up 0.4%

Shares of RKT stock opened at GBX 4,925 on Thursday. The stock’s 50 day simple moving average is GBX 5,106.76 and its 200 day simple moving average is GBX 4,956.23. Reckitt Benckiser Group has a twelve month low of GBX 3,866 and a twelve month high of GBX 6,522.92. The company has a debt-to-equity ratio of 179.24, a quick ratio of 0.46 and a current ratio of 0.59. The company has a market capitalization of £31.25 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 1.10 and a beta of 0.26.

Reckitt Benckiser Group (LON:RKT) last announced its earnings results 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, research analysts predict that Reckitt Benckiser Group will post 331.2110727 EPS for the current year.

Insiders Place Their Bets

In related news, insider Deborah Waterhouse purchased 152 shares of the firm’s stock in a transaction on Wednesday, August 26th. The shares were bought at an average cost of GBX 5,189 per share, for a total transaction of £7,887.28. Also, insider Gavin Patterson acquired 191 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were bought at an average price of GBX 5,183 per share, for a total transaction of £9,899.53. Insiders own 0.45% of the company’s stock.

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.