Berenberg Bank Has Lowered Expectations for Reckitt Benckiser Group (LON:RKT) Stock Price

Reckitt Benckiser Group (LON:RKT) had its target price reduced by investment analysts at Berenberg Bank from GBX 7,000 to GBX 6,200 in a report issued on Friday,Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 29.52% from the company’s current price.

Several other equities research analysts also recently commented on the company. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 6,200 price objective on shares of Reckitt Benckiser Group in a report on Thursday. Jefferies Financial Group decreased their price target on Reckitt Benckiser Group from GBX 5,900 to GBX 5,600 and set a “hold” rating for the company in a report on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft decreased their price target 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, Citigroup decreased their price target on Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating for the company in a report on Thursday. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of GBX 6,208.57.

Reckitt Benckiser Group Trading Up 0.3%

LON RKT opened at GBX 4,787 on Friday. The company has a market cap of £30.81 billion, a price-to-earnings ratio of 9.84, a P/E/G ratio of 1.10 and a beta of 0.30. Reckitt Benckiser Group has a 52 week low of GBX 4,574 and a 52 week high of GBX 6,522.92. The business has a 50 day moving average price of GBX 5,492.95 and a 200-day moving average price of GBX 5,807.85. The company has a quick ratio of 0.46, a current ratio of 0.85 and a debt-to-equity ratio of 108.83.

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

More Reckitt Benckiser Group News

Here are the key news stories impacting Reckitt Benckiser Group this week:

• Neutral Sentiment: Jefferies reaffirmed a “hold” rating with a GBX 5,600 price target — the note signals no change in conviction from that broker, so mixed near-term impact. Digital Look
• Neutral Sentiment: Royal Bank of Canada reiterated a “sector perform” rating and GBX 6,200 target — another anchor suggesting brokers see limited upside at current levels. RBC Note
• Negative Sentiment: Citigroup cut its price target from GBX 7,000 to GBX 6,200 but kept a “buy” rating — a downward revision that reduces near-term upside expectations despite buy conviction. London Stock Exchange
• Negative Sentiment: Berenberg lowered its target from GBX 7,000 to GBX 6,200 while maintaining a “buy” — another PT cut that contributes to selling pressure. Digital Look
• Negative Sentiment: Press reports say Reckitt reported a slow start to the year and that a weak cold & flu season materially hit first‑quarter revenue — the operational miss is the primary negative catalyst pushing analysts to lower targets. Yahoo: Weak Cold/Flu Season Yahoo: Slow Start

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.