Reckitt Benckiser Group (LON:RKT) Price Target Lowered to GBX 5,600 at Jefferies Financial Group

Reckitt Benckiser Group (LON:RKT) had its target price lowered by Jefferies Financial Group from GBX 5,900 to GBX 5,600 in a research report released on Tuesday morning,London Stock Exchange reports. The firm currently has a hold rating on the stock.

Several other equities analysts have also weighed in on RKT. Berenberg Bank cut their price target on Reckitt Benckiser Group from GBX 5,647 to GBX 5,479 and set a “hold” rating for the company in a research note on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft dropped their price objective on Reckitt Benckiser Group from GBX 5,500 to GBX 5,460 and set a “hold” rating on the stock in a report on Wednesday, March 25th. Citigroup started coverage on Reckitt Benckiser Group in a research report on Wednesday, January 14th. They issued a “buy” rating and a GBX 7,000 price objective for the company. Finally, Royal Bank Of Canada downgraded 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 research note on Wednesday, January 14th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of GBX 6,219.86.

Reckitt Benckiser Group Price Performance

Shares of RKT opened at GBX 5,088 on Tuesday. The business’s 50-day moving average is GBX 5,885.08 and its two-hundred day moving average is GBX 5,881.80. The company has a market capitalization of £32.82 billion, a P/E ratio of 26.84, a P/E/G ratio of 1.10 and a beta of 0.10. Reckitt Benckiser Group has a fifty-two week low of GBX 4,769.79 and a fifty-two week 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.

Reckitt Benckiser Group (LON:RKT) last issued 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 return on equity of 38.45% and a net margin of 25.23%. Research analysts predict that Reckitt Benckiser Group will post 331.2110727 earnings per share for the current 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.