Reckitt Benckiser Group plc (LON:RKT) Given Consensus Recommendation of “Moderate Buy” by Analysts

Reckitt Benckiser Group plc (LON:RKT) has been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is GBX 6,109.17.

RKT has been the subject of a number of research analyst reports. 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 research report on Friday, October 24th. Jefferies Financial Group restated a “hold” rating and issued a GBX 5,200 price target on shares of Reckitt Benckiser Group in a research note on Thursday, October 2nd. JPMorgan Chase & Co. lifted their price objective on Reckitt Benckiser Group from GBX 5,500 to GBX 6,100 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Royal Bank Of Canada increased their target price on Reckitt Benckiser Group from GBX 6,000 to GBX 6,400 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Finally, UBS Group reissued a “buy” rating and issued a GBX 7,700 target price on shares of Reckitt Benckiser Group in a research report on Friday, October 17th.

Reckitt Benckiser Group Stock Down 0.4%

RKT opened at GBX 5,852 on Wednesday. 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 firm has a 50 day moving average price of GBX 5,785.71 and a 200-day moving average price of GBX 5,459.98. Reckitt Benckiser Group has a twelve month low of GBX 4,579 and a twelve month high of GBX 6,014. The stock has a market capitalization of £39.47 billion, a price-to-earnings ratio of 32.15, a PEG ratio of 1.10 and a beta of 0.09.

Insider Activity

In other Reckitt Benckiser Group news, insider Patricia Verduin bought 135 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was bought at an average cost of GBX 5,867 per share, for a total transaction of £7,920.45. Insiders own 0.42% of the company’s stock.

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.