Reckitt Benckiser Group plc (LON:RKT) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Reckitt Benckiser Group plc (LON:RKT) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 6,178.86.

Several brokerages have recently commented on RKT. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 5,400 price objective on shares of Reckitt Benckiser Group in a report on Thursday, July 30th. JPMorgan Chase & Co. increased their target price on Reckitt Benckiser Group from GBX 5,800 to GBX 6,500 and gave the stock an “overweight” rating in a research note on Tuesday, September 1st. Berenberg Bank raised their target price on Reckitt Benckiser Group from GBX 5,179 to GBX 5,352 and gave the company a “hold” rating in a report on Wednesday, August 5th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 6,200 target price on shares of Reckitt Benckiser Group in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 5,900 price target on shares of Reckitt Benckiser Group in a research report on Wednesday, July 29th.

Reckitt Benckiser Group Price Performance

LON:RKT opened at GBX 5,032 on Tuesday. 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 0.59 and a debt-to-equity ratio of 179.24. The company has a market capitalization of £31.93 billion, a P/E ratio of 11.39, a P/E/G ratio of 1.10 and a beta of 0.26. The stock’s fifty day moving average is GBX 5,117.84 and its two-hundred day moving average is GBX 4,990.43.

Reckitt Benckiser Group (LON:RKT) last released its quarterly earnings results on Wednesday, July 29th. The company reported GBX 101.40 earnings per share for the quarter. Reckitt Benckiser Group had a return on equity of 42.87% and a net margin of 21.09%. Equities analysts expect that Reckitt Benckiser Group will post 331.2110727 EPS for the current year.

Insider Buying and Selling at Reckitt Benckiser Group

In related news, insider Gavin Patterson purchased 191 shares of the business’s stock in a transaction on 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. Also, insider Deborah Waterhouse purchased 152 shares of Reckitt Benckiser Group stock in a transaction on Wednesday, August 26th. The stock was bought at an average cost of GBX 5,189 per share, for a total transaction of £7,887.28. 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.