Jefferies Financial Group Issues Pessimistic Forecast for Reckitt Benckiser Group (LON:RKT) Stock Price

Reckitt Benckiser Group (LON:RKT) had its target price cut by analysts at Jefferies Financial Group from GBX 5,900 to GBX 5,600 in a note issued to investors on Tuesday,London Stock Exchange reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s target price suggests a potential upside of 9.29% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Berenberg Bank lowered their target price on 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. Deutsche Bank Aktiengesellschaft cut their target price on shares of Reckitt Benckiser Group from GBX 5,500 to GBX 5,460 and set a “hold” rating on the stock in a research note on Wednesday, March 25th. Royal Bank Of Canada cut shares of Reckitt Benckiser Group to a “sector perform” rating and decreased their price target for the company from GBX 6,400 to GBX 6,200 in a research report on Wednesday, January 14th. Finally, Citigroup started 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of GBX 6,219.86.

Reckitt Benckiser Group Stock Performance

LON:RKT opened at GBX 5,124 on Tuesday. 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 stock has a market capitalization of £33.05 billion, a P/E ratio of 27.03, a PEG ratio of 1.10 and a beta of 0.10. The company has a 50 day moving average price of GBX 5,866.12 and a 200 day moving average price of GBX 5,876.50. 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.

Reckitt Benckiser Group (LON:RKT) last announced 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%. Equities research analysts forecast that Reckitt Benckiser Group will post 331.2110727 EPS 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.