Brokerages Set Reckitt Benckiser Group plc (LON:RKT) PT at GBX 6,234.14

Shares of Reckitt Benckiser Group plc (LON:RKT) have earned an average rating of “Hold” from the seven brokerages that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 6,219.86.

RKT has been the subject of a number of research analyst reports. Berenberg Bank lowered their target price on Reckitt Benckiser Group from GBX 5,647 to GBX 5,479 and set a “hold” rating for the company in a research note on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft lowered their target price on Reckitt Benckiser Group from GBX 5,500 to GBX 5,460 and set a “hold” rating for the company in a research note on Wednesday, March 25th. Jefferies Financial Group lowered their target price on Reckitt Benckiser Group from GBX 5,900 to GBX 5,600 and set a “hold” rating for the company in a research note on Tuesday, March 31st. Royal Bank Of Canada cut Reckitt Benckiser Group to a “sector perform” rating and lowered their target price for the company from GBX 6,400 to GBX 6,200 in a research note on Wednesday, January 14th. Finally, Citigroup started coverage on shares of Reckitt Benckiser Group in a research note on Wednesday, January 14th. They set a “buy” rating and a GBX 7,000 price objective on the stock.

Reckitt Benckiser Group Price Performance

Shares of LON RKT opened at GBX 5,238 on Tuesday. Reckitt Benckiser Group has a 1 year low of GBX 4,769.79 and a 1 year high of GBX 6,522.92. The stock has a market capitalization of £33.78 billion, a P/E ratio of 27.63, a P/E/G ratio of 1.10 and a beta of 0.10. The company’s 50-day moving average is GBX 5,816.72 and its 200 day moving average is GBX 5,866.78. The company has a debt-to-equity ratio of 108.83, a current ratio of 0.85 and a quick ratio of 0.46.

Reckitt Benckiser Group (LON:RKT) last released its earnings results on Thursday, March 5th. The company reported £122.58 EPS for the quarter. Reckitt Benckiser Group had a return on equity of 38.45% and a net margin of 25.23%. On average, sell-side analysts expect that Reckitt Benckiser Group will post 331.2110727 earnings per share 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.