Reckitt Benckiser Group plc (LON:RKT) Given Consensus Rating of “Hold” by Analysts

Shares of Reckitt Benckiser Group plc (LON:RKT) have received an average rating of “Hold” from the seven brokerages that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is GBX 6,204.29.

A number of equities research analysts recently commented on the company. Royal Bank Of Canada reiterated a “neutral” rating and issued a GBX 6,200 target price on shares of Reckitt Benckiser Group in a research report on Friday, May 15th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 5,600 target price on shares of Reckitt Benckiser Group in a research report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft dropped their target price on Reckitt Benckiser Group from GBX 5,460 to GBX 5,430 and set a “hold” rating on the stock in a research report on Tuesday, April 28th. Berenberg Bank dropped their target price on Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating on the stock in a research report on Friday, April 24th. Finally, Citigroup dropped their target price on Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating on the stock in a research report on Thursday, April 23rd.

Reckitt Benckiser Group Price Performance

Shares of LON RKT opened at GBX 4,638 on Friday. The business’s 50 day moving average price is GBX 4,772.35 and its 200 day moving average price is GBX 5,527.62. The firm has a market cap of £29.53 billion, a P/E ratio of 9.53, a P/E/G ratio of 1.10 and a beta of 0.25. Reckitt Benckiser Group has a 52 week low of GBX 3,866 and a 52 week high of GBX 6,522.92. The company has a quick ratio of 0.46, a current ratio of 0.85 and a debt-to-equity ratio of 108.83.

Insider Activity at Reckitt Benckiser Group

In related news, insider Kris Licht sold 5,435 shares of Reckitt Benckiser Group stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of GBX 4,753, for a total transaction of £258,325.55. Also, insider Marybeth Hays purchased 340 shares of Reckitt Benckiser Group stock in a transaction that occurred on Monday, June 1st. The shares were bought at an average price of GBX 4,585 per share, with a total value of £15,589. 0.45% 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.