Reckitt Benckiser Group plc (LON:RKT) Receives GBX 6,192.50 Consensus Price Target from Analysts

Reckitt Benckiser Group plc (LON:RKT) has received an average recommendation of “Hold” from the seven ratings firms that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is GBX 6,279.29.

A number of research analysts recently weighed in on the company. Citigroup started coverage on Reckitt Benckiser Group in a report on Wednesday, January 14th. They set a “buy” rating and a GBX 7,000 target price on the stock. Royal Bank Of Canada cut shares of Reckitt Benckiser Group to a “sector perform” rating and reduced their price objective for the stock from GBX 6,400 to GBX 6,200 in a research report on Wednesday, January 14th. UBS Group reiterated a “buy” rating and issued a GBX 7,700 price objective on shares of Reckitt Benckiser Group in a report on Friday, October 17th. JPMorgan Chase & Co. raised their target price on shares of 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, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Reckitt Benckiser Group from GBX 5,600 to GBX 5,700 and gave the stock a “buy” rating in a report on Friday, October 24th.

Reckitt Benckiser Group Price Performance

Shares of LON RKT opened at GBX 6,098 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.69 and a debt-to-equity ratio of 110.26. The business’s 50 day moving average price is GBX 5,980.77 and its two-hundred day moving average price is GBX 5,718.05. The company has a market cap of £41.00 billion, a PE ratio of 33.51, a price-to-earnings-growth ratio of 1.10 and a beta of 0.09. Reckitt Benckiser Group has a twelve month low of GBX 4,579 and a twelve month high of GBX 6,262.

Insider Transactions at Reckitt Benckiser Group

In other Reckitt Benckiser Group news, insider Patricia Verduin bought 135 shares of Reckitt Benckiser Group stock in a transaction dated Wednesday, October 29th. The stock was bought at an average price of GBX 5,867 per share, with a total value of £7,920.45. 0.42% of the stock is owned by company insiders.

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.