Reckitt Benckiser Group (LON:RKT) Price Target Raised to GBX 6,500

Reckitt Benckiser Group (LON:RKT) had its target price increased by analysts at JPMorgan Chase & Co. from GBX 5,800 to GBX 6,500 in a report released on Tuesday, London Stock Exchange reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 21.27% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 5,900 price objective on shares of Reckitt Benckiser Group in a report on Wednesday, July 29th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 6,200 price target on shares of Reckitt Benckiser Group in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 5,400 price objective on shares of Reckitt Benckiser Group in a research note on Thursday, July 30th. Finally, Berenberg Bank lifted their price objective 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. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 6,178.86.

Reckitt Benckiser Group Trading Up 4.4%

Shares of RKT stock opened at GBX 5,360 on Tuesday. The firm has a fifty day moving average of GBX 5,088.21 and a 200-day moving average of GBX 5,128.46. The stock has a market cap of £34.04 billion, a price-to-earnings ratio of 12.14, a P/E/G ratio of 1.10 and a beta of 0.26. 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 debt-to-equity ratio of 179.24, a quick ratio of 0.46 and a current ratio of 0.59.

Reckitt Benckiser Group (LON:RKT) last posted 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%. On average, equities research analysts forecast that Reckitt Benckiser Group will post 331.2110727 earnings per share for the current fiscal year.

Insider Activity

In other Reckitt Benckiser Group news, insider Deepak Nath purchased 257 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were acquired at an average cost of GBX 4,650 per share, for a total transaction of £11,950.50. Also, insider Shannon Eisenhardt purchased 432 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were acquired at an average cost of £432 per share, with a total value of £186,624. In the last ninety days, insiders purchased 1,032 shares of company stock worth $21,636,131. Corporate insiders own 0.45% of the company’s stock.

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.