Deutsche Bank Aktiengesellschaft Lowers Reckitt Benckiser Group (LON:RKT) Price Target to GBX 5,460

Reckitt Benckiser Group (LON:RKT) had its price objective cut by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 5,500 to GBX 5,460 in a report issued on Wednesday, MarketBeat reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 7.06% from the company’s previous close.

A number of other brokerages have also issued reports on RKT. Citigroup began coverage on Reckitt Benckiser Group in a research report on Wednesday, January 14th. They issued a “buy” rating and a GBX 7,000 target price on the stock. Berenberg Bank decreased their price objective 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. Royal Bank Of Canada downgraded shares of Reckitt Benckiser Group to a “sector perform” rating and dropped their target price for the stock from GBX 6,400 to GBX 6,200 in a research report on Wednesday, January 14th. Jefferies Financial Group upped their target price on shares of Reckitt Benckiser Group from GBX 5,500 to GBX 5,700 and gave the company a “hold” rating in a research note on Wednesday, January 7th. Finally, JPMorgan Chase & Co. lifted their price target 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. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of GBX 6,234.14.

Reckitt Benckiser Group Stock Down 0.1%

Shares of LON:RKT opened at GBX 5,100 on Wednesday. The stock has a market capitalization of £32.89 billion, a P/E ratio of 26.90, a PEG ratio of 1.10 and a beta of 0.10. 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 has a 1 year low of GBX 4,769.79 and a 1 year high of GBX 6,522.92. The stock has a 50-day simple moving average of GBX 5,945.35 and a 200-day simple moving average of GBX 5,894.22.

Reckitt Benckiser Group (LON:RKT) last released 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 net margin of 25.23% and a return on equity of 38.45%. Equities analysts forecast 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.