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

Reckitt Benckiser Group (LON:RKT) had its target price reduced by Jefferies Financial Group from GBX 6,100 to GBX 5,900 in a research report issued to clients and investors on Thursday, London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 19.17% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 6,200 price objective on shares of Reckitt Benckiser Group in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 5,400 price objective on shares of Reckitt Benckiser Group in a report on Thursday, July 30th. Berenberg Bank lifted their target price on shares of Reckitt Benckiser Group from GBX 5,179 to GBX 5,352 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Reckitt Benckiser Group from GBX 5,800 to GBX 6,500 and gave the company an “overweight” rating in a research report on Tuesday, September 1st. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 6,178.86.

Reckitt Benckiser Group Trading Down 0.8%

LON RKT opened at GBX 4,951 on Thursday. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 179.24. The business has a fifty day simple moving average of GBX 5,107.88 and a 200 day simple moving average of GBX 4,959.57. Reckitt Benckiser Group has a 12 month low of GBX 3,866 and a 12 month high of GBX 6,522.92. The firm has a market capitalization of £31.42 billion, a P/E ratio of 11.21, a PEG ratio of 1.10 and a beta of 0.26.

Reckitt Benckiser Group (LON:RKT) last released its quarterly earnings results on Wednesday, July 29th. The company reported GBX 101.40 earnings per share for the quarter. Reckitt Benckiser Group had a net margin of 21.09% and a return on equity of 42.87%. On average, analysts predict that Reckitt Benckiser Group will post 331.2110727 EPS for the current fiscal year.

Insider Activity at Reckitt Benckiser Group

In other news, insider Deborah Waterhouse purchased 152 shares of Reckitt Benckiser Group stock in a transaction dated Wednesday, August 26th. The stock was purchased at an average cost of GBX 5,189 per share, for a total transaction of £7,887.28. Also, insider Gavin Patterson purchased 191 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was purchased at an average cost of GBX 5,183 per share, for a total transaction of £9,899.53. Corporate insiders own 0.45% 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.