Deutsche Bank Aktiengesellschaft Cuts Reckitt Benckiser Group (LON:RKT) Price Target to GBX 5,460

Reckitt Benckiser Group (LON:RKT) had its target price lowered by Deutsche Bank Aktiengesellschaft from GBX 5,500 to GBX 5,460 in a report published on Wednesday, MarketBeat.com reports. The firm currently has a hold rating on the stock.

Other equities analysts have also issued reports about the company. Citigroup started coverage on Reckitt Benckiser Group in a research report on Wednesday, January 14th. They set a “buy” rating and a GBX 7,000 price target on the stock. Royal Bank Of Canada downgraded shares of Reckitt Benckiser Group to a “sector perform” rating and lowered their price objective for the company from GBX 6,400 to GBX 6,200 in a research report on Wednesday, January 14th. JPMorgan Chase & Co. lifted their price objective on shares of Reckitt Benckiser Group from GBX 5,500 to GBX 6,100 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Jefferies Financial Group upped their target price on shares of Reckitt Benckiser Group from GBX 5,500 to GBX 5,700 and gave the company a “hold” rating in a research note on Wednesday, January 7th. Finally, Berenberg Bank lowered their price target on shares of Reckitt Benckiser Group from GBX 5,647 to GBX 5,479 and set a “hold” rating for the company in a report on Tuesday, March 10th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of GBX 6,234.14.

Reckitt Benckiser Group Trading Up 1.3%

LON:RKT opened at GBX 5,142 on Wednesday. The business’s 50-day moving average is GBX 5,925.72 and its two-hundred day moving average is GBX 5,889.61. The firm has a market capitalization of £33.16 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 1.10 and a beta of 0.10. Reckitt Benckiser Group has a 12 month low of GBX 4,769.79 and a 12 month high of GBX 6,522.92. 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 issued its earnings results on Thursday, March 5th. The company reported £122.58 earnings per share for the quarter. Reckitt Benckiser Group had a return on equity of 38.45% and a net margin of 25.23%. Research analysts predict that Reckitt Benckiser Group will post 331.2110727 earnings per share for the current fiscal year.

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.