Reckitt Benckiser Group plc (LON:RKT) Receives Consensus Recommendation of “Hold” from Analysts

Reckitt Benckiser Group plc (LON:RKT) has been assigned an average recommendation of “Hold” from the seven analysts that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 6,204.29.

Several brokerages have recently issued reports on RKT. Royal Bank Of Canada restated a “neutral” rating and issued a GBX 6,200 target price on shares of Reckitt Benckiser Group in a report on Friday, May 15th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 5,600 price target on shares of Reckitt Benckiser Group in a research note on Tuesday. Berenberg Bank reduced their price target on shares of Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating for the company in a research report on Friday, April 24th. Citigroup decreased their price objective on shares of Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Reckitt Benckiser Group from GBX 5,460 to GBX 5,430 and set a “hold” rating on the stock in a report on Tuesday, April 28th.

Insider Buying and Selling

In other news, insider Marybeth Hays purchased 340 shares of the business’s stock in a transaction on Monday, June 1st. The shares were bought at an average price of GBX 4,585 per share, with a total value of £15,589. Also, insider Shannon Eisenhardt acquired 432 shares of Reckitt Benckiser Group stock in a transaction on Friday, June 12th. The stock was purchased at an average price of £432 per share, with a total value of £186,624. 0.45% of the stock is currently owned by company insiders.

Reckitt Benckiser Group Stock Performance

Shares of Reckitt Benckiser Group stock opened at GBX 4,555 on Friday. The firm has a market capitalization of £29.00 billion, a P/E ratio of 9.36, a P/E/G ratio of 1.10 and a beta of 0.25. Reckitt Benckiser Group has a 52 week low of GBX 3,866 and a 52 week high of GBX 6,522.92. The company has a quick ratio of 0.46, a current ratio of 0.85 and a debt-to-equity ratio of 108.83. The firm’s 50 day moving average is GBX 4,726.04 and its two-hundred day moving average is GBX 5,489.85.

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.