Reckitt Benckiser Group (LON:RKT) Given New GBX 5,460 Price Target at Deutsche Bank Aktiengesellschaft

Reckitt Benckiser Group (LON:RKT) had its price objective reduced by Deutsche Bank Aktiengesellschaft from GBX 5,500 to GBX 5,460 in a research note published on Wednesday morning, Marketbeat reports. They currently have a hold rating on the stock.

A number of other analysts also recently weighed in on the stock. Royal Bank Of Canada downgraded shares of Reckitt Benckiser Group to a “sector perform” rating and reduced their target price for the stock from GBX 6,400 to GBX 6,200 in a report on Wednesday, January 14th. Berenberg Bank lowered their price target on shares of Reckitt Benckiser Group from GBX 5,647 to GBX 5,479 and set a “hold” rating for the company in a report on Tuesday, March 10th. Jefferies Financial Group lifted their price target on Reckitt Benckiser Group from GBX 5,500 to GBX 5,700 and gave the stock a “hold” rating in a research report on Wednesday, January 7th. JPMorgan Chase & Co. boosted their price objective on Reckitt Benckiser Group from GBX 5,500 to GBX 6,100 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Finally, Citigroup assumed coverage on Reckitt Benckiser Group in a research report on Wednesday, January 14th. They set a “buy” rating and a GBX 7,000 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of GBX 6,234.14.

Reckitt Benckiser Group Stock Down 0.6%

LON RKT opened at GBX 5,072 on Wednesday. The stock has a 50 day moving average price of GBX 5,966.27 and a 200-day moving average price of GBX 5,899.78. Reckitt Benckiser Group has a one year low of GBX 4,769.79 and a one year high of GBX 6,522.92. The company has a debt-to-equity ratio of 108.83, a quick ratio of 0.46 and a current ratio of 0.85. The company has a market capitalization of £32.71 billion, a P/E ratio of 26.75, a P/E/G ratio of 1.10 and a beta of 0.10.

Reckitt Benckiser Group (LON:RKT) last announced 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, equities analysts predict that Reckitt Benckiser Group will post 331.2110727 EPS 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.