Jefferies Financial Group Cuts Reckitt Benckiser Group (LON:RKT) Price Target to GBX 5,600

Reckitt Benckiser Group (LON:RKT) had its price objective cut by Jefferies Financial Group from GBX 5,900 to GBX 5,600 in a research note issued to investors on Tuesday,London Stock Exchange reports. They currently have a hold rating on the stock.

Several other brokerages have also recently issued reports on RKT. Berenberg Bank dropped their target price on shares of Reckitt Benckiser Group from GBX 5,647 to GBX 5,479 and set a “hold” rating on the stock in a report on Tuesday, March 10th. Citigroup started coverage on Reckitt Benckiser Group in a report on Wednesday, January 14th. They set a “buy” rating and a GBX 7,000 price target on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on Reckitt Benckiser Group from GBX 5,500 to GBX 5,460 and set a “hold” rating on the stock in a research note on Wednesday, March 25th. Finally, Royal Bank Of Canada lowered Reckitt Benckiser Group to a “sector perform” rating and cut their price objective for the stock from GBX 6,400 to GBX 6,200 in a report on Wednesday, January 14th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of GBX 6,219.86.

Reckitt Benckiser Group Price Performance

RKT opened at GBX 5,188 on Tuesday. The company’s 50-day simple moving average is GBX 5,848.76 and its two-hundred day simple moving average is GBX 5,871.72. 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 stock has a market capitalization of £33.46 billion, a P/E ratio of 27.37, a P/E/G ratio of 1.10 and a beta of 0.10. Reckitt Benckiser Group has a 52-week low of GBX 4,769.79 and a 52-week high of GBX 6,522.92.

Reckitt Benckiser Group (LON:RKT) last announced its quarterly earnings results 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%. As a group, analysts predict that Reckitt Benckiser Group will post 331.2110727 EPS 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.