Reckitt Benckiser Group (LON:RKT) Price Target Cut to GBX 5,900 by Analysts at Jefferies Financial Group

Reckitt Benckiser Group (LON:RKT) had its price target cut by stock analysts at Jefferies Financial Group from GBX 6,100 to GBX 5,900 in a report issued on Thursday, London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price target suggests a potential upside of 19.17% from the stock’s previous close.

A number of other brokerages have also commented on RKT. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 6,200 price target on shares of Reckitt Benckiser Group in a report on Wednesday, July 29th. 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. Berenberg Bank upped their target price on shares of Reckitt Benckiser Group from GBX 5,179 to GBX 5,352 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. increased their target price on Reckitt Benckiser Group from GBX 5,800 to GBX 6,500 and gave the company an “overweight” rating in a research note on Tuesday, September 1st. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 6,178.86.

Reckitt Benckiser Group Stock Down 0.8%

RKT stock opened at GBX 4,951 on Thursday. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 179.24. The company’s 50 day moving average is GBX 5,107.88 and its 200 day moving average is GBX 4,959.57. The stock has a market cap of £31.42 billion, a price-to-earnings ratio of 11.21, a price-to-earnings-growth ratio of 1.10 and a beta of 0.26. Reckitt Benckiser Group has a 1-year low of GBX 3,866 and a 1-year high of GBX 6,522.92.

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

Insider Activity at Reckitt Benckiser Group

In other Reckitt Benckiser Group news, insider Gavin Patterson purchased 191 shares of Reckitt Benckiser Group stock in a transaction on Wednesday, August 26th. The shares were acquired at an average cost of GBX 5,183 per share, for a total transaction of £9,899.53. Also, insider Deborah Waterhouse purchased 152 shares of the firm’s stock in a transaction on Wednesday, August 26th. The shares were acquired at an average cost of GBX 5,189 per share, for a total transaction of £7,887.28. 0.45% of the stock is owned by corporate 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.