Brokerages Set Reckitt Benckiser Group plc (LON:RKT) Target Price at GBX 6,208.57

Shares of Reckitt Benckiser Group plc (LON:RKT) have received a consensus rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is GBX 6,208.57.

A number of equities analysts have commented on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 6,200 target price on shares of Reckitt Benckiser Group in a research note on Thursday, April 23rd. Citigroup reduced their target price on shares of Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 5,600 target price on shares of Reckitt Benckiser Group in a research note on Friday. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Reckitt Benckiser Group from GBX 5,500 to GBX 5,460 and set a “hold” rating on the stock in a research note on Wednesday, March 25th. Finally, Berenberg Bank reduced their target price on shares of Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating on the stock in a research note on Friday.

Reckitt Benckiser Group Stock Performance

RKT opened at GBX 4,721 on Friday. The firm has a market capitalization of £30.38 billion, a PE ratio of 9.70, a PEG ratio of 1.10 and a beta of 0.30. Reckitt Benckiser Group has a twelve month low of GBX 4,574 and a twelve month high of GBX 6,522.92. The firm’s 50-day moving average price is GBX 5,458.77 and its 200 day moving average price is GBX 5,801.69. 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 results on Thursday, March 5th. The company reported £122.58 earnings per share for the quarter. Reckitt Benckiser Group had a net margin of 25.23% and a return on equity of 38.45%. As a group, sell-side analysts expect that Reckitt Benckiser Group will post 331.2110727 EPS 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.