Reckitt Benckiser Group (LON:RKT) Price Target Cut to GBX 5,479 by Analysts at Berenberg Bank

Reckitt Benckiser Group (LON:RKT) had its target price cut by Berenberg Bank from GBX 5,647 to GBX 5,479 in a report issued on Tuesday morning, Marketbeat.com reports. They currently have a hold rating on the stock.

A number of other analysts also recently issued reports on the stock. Citigroup assumed coverage on shares of Reckitt Benckiser Group in a report on Wednesday, January 14th. They set a “buy” rating and a GBX 7,000 price target on the stock. Jefferies Financial Group raised their target price on shares of Reckitt Benckiser Group from GBX 5,500 to GBX 5,700 and gave the stock a “hold” rating in a research note on Wednesday, January 7th. JPMorgan Chase & Co. lifted their target price on Reckitt Benckiser Group from GBX 5,500 to GBX 6,100 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Finally, Royal Bank Of Canada downgraded 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, January 14th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Reckitt Benckiser Group presently has an average rating of “Hold” and a consensus target price of GBX 6,268.43.

Reckitt Benckiser Group Stock Down 0.4%

Shares of RKT opened at GBX 5,451.60 on Tuesday. The stock has a 50 day simple moving average of GBX 6,150.09 and a two-hundred day simple moving average of GBX 5,926.59. Reckitt Benckiser Group has a 1 year low of GBX 4,769.79 and a 1 year high of GBX 6,522.92. The firm has a market cap of £35.16 billion, a P/E ratio of 28.76, a P/E/G ratio of 1.10 and a beta of 0.10. The company has a debt-to-equity ratio of 108.83, a current ratio of 0.85 and a quick ratio of 0.46.

Reckitt Benckiser Group (LON:RKT) last posted its earnings results on Thursday, March 5th. The company reported £122.58 earnings per share (EPS) for the quarter. Reckitt Benckiser Group had a return on equity of 38.45% and a net margin of 25.23%. 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.