Analysts Set Reckitt Benckiser Group plc (LON:RKT) Price Target at GBX 6,234.14

Shares of Reckitt Benckiser Group plc (LON:RKT) have earned an average rating of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is GBX 6,219.86.

A number of equities research analysts have weighed in on the company. Citigroup began coverage on Reckitt Benckiser Group in a research report on Wednesday, January 14th. They issued a “buy” rating and a GBX 7,000 target price for the company. Berenberg Bank lowered their price target on Reckitt Benckiser Group from GBX 5,647 to GBX 5,479 and set a “hold” rating on the stock in a research report on Tuesday, March 10th. Jefferies Financial Group dropped their price objective on Reckitt Benckiser Group from GBX 5,900 to GBX 5,600 and set a “hold” rating on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft cut their price objective on Reckitt Benckiser Group from GBX 5,500 to GBX 5,460 and set a “hold” rating for the company in a report on Wednesday, March 25th. Finally, Royal Bank Of Canada cut Reckitt Benckiser Group to a “sector perform” rating and decreased their target price for the company from GBX 6,400 to GBX 6,200 in a research note on Wednesday, January 14th.

Reckitt Benckiser Group Stock Up 0.1%

RKT stock opened at GBX 5,188 on Tuesday. The firm’s 50-day moving average is GBX 5,848.76 and its two-hundred day moving average is GBX 5,871.72. The company has a market capitalization of £33.46 billion, a price-to-earnings ratio of 27.37, a price-to-earnings-growth ratio of 1.10 and a beta of 0.10. Reckitt Benckiser Group has a 52 week low of GBX 4,769.79 and a 52 week high of GBX 6,522.92. The company has a current ratio of 0.85, a quick ratio of 0.46 and a debt-to-equity ratio of 108.83.

Reckitt Benckiser Group (LON:RKT) last posted its quarterly earnings data on Thursday, March 5th. The company reported £122.58 earnings per share (EPS) for the quarter. Reckitt Benckiser Group had a net margin of 25.23% and a return on equity of 38.45%. On average, analysts forecast that Reckitt Benckiser Group will post 331.2110727 earnings per share for the current fiscal 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.