Citigroup Initiates Coverage on Reckitt Benckiser Group (LON:RKT)

Investment analysts at Citigroup assumed coverage on shares of Reckitt Benckiser Group (LON:RKT) in a research report issued on Wednesday, Marketbeat.com reports. The firm set a “buy” rating and a GBX 7,000 price target on the stock. Citigroup’s target price would suggest a potential upside of 13.90% from the stock’s previous close.

RKT has been the subject of several other research reports. Royal Bank Of Canada cut shares of Reckitt Benckiser Group to a “sector perform” rating and reduced their price target for the company from GBX 6,400 to GBX 6,200 in a report on Wednesday. JPMorgan Chase & Co. boosted 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 report on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft increased their target price on Reckitt Benckiser Group from GBX 5,600 to GBX 5,700 and gave the stock a “buy” rating in a report on Friday, October 24th. Jefferies Financial Group lifted their price target on 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, UBS Group restated a “buy” rating and issued a GBX 7,700 price target on shares of Reckitt Benckiser Group in a report on Friday, October 17th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Reckitt Benckiser Group presently has a consensus rating of “Hold” and an average price target of GBX 6,279.29.

Reckitt Benckiser Group Trading Down 0.6%

LON:RKT opened at GBX 6,146 on Wednesday. The company has a debt-to-equity ratio of 110.26, a current ratio of 0.69 and a quick ratio of 0.46. The business’s 50-day simple moving average is GBX 5,970.58 and its 200-day simple moving average is GBX 5,691.84. Reckitt Benckiser Group has a fifty-two week low of GBX 4,579 and a fifty-two week high of GBX 6,262. The stock has a market capitalization of £41.32 billion, a PE ratio of 33.77, a price-to-earnings-growth ratio of 1.10 and a beta of 0.09.

Insider Transactions at Reckitt Benckiser Group

In related news, insider Patricia Verduin bought 135 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The shares were acquired at an average price of GBX 5,867 per share, for a total transaction of £7,920.45. Insiders own 0.42% 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.