Reckitt Benckiser Group (LON:RKT) Price Target Raised to GBX 5,382

Reckitt Benckiser Group (LON:RKT) had its price objective upped by Berenberg Bank from GBX 5,352 to GBX 5,382 in a research report report published on Monday morning,Digital Look reports. Berenberg Bank currently has a hold rating on the stock.

A number of other equities analysts also recently commented on RKT. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 6,200 price objective on shares of Reckitt Benckiser Group in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 5,400 target price on shares of Reckitt Benckiser Group in a report on Thursday, July 30th. JPMorgan Chase & Co. raised their target price on Reckitt Benckiser Group from GBX 5,800 to GBX 6,500 and gave the stock an “overweight” rating in a research note on Tuesday, September 1st. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 5,900 price target on shares of Reckitt Benckiser Group in a report on Wednesday, October 28th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 5,930.33.

Reckitt Benckiser Group Trading Up 2.7%

Shares of Reckitt Benckiser Group stock opened at GBX 5,656.42 on Monday. The stock has a market cap of £35.86 billion, a P/E ratio of 12.81, a P/E/G ratio of 1.10 and a beta of 0.26. The stock’s 50 day simple moving average is GBX 5,186.47 and its 200-day simple moving average is GBX 5,225.06. Reckitt Benckiser Group has a 1-year low of GBX 3,866 and a 1-year high of GBX 6,522.92. The company has a debt-to-equity ratio of 179.24, a current ratio of 0.59 and a quick ratio of 0.46.

Insiders Place Their Bets

In related news, insider Deborah Waterhouse acquired 152 shares of Reckitt Benckiser Group stock in a transaction that occurred on Wednesday, August 26th. The shares were purchased at an average cost of GBX 5,189 per share, for a total transaction of £7,887.28. Also, insider Gavin Patterson bought 191 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was bought at an average cost of GBX 5,183 per share, for a total transaction of £9,899.53. 0.44% of the stock is owned by insiders.

Reckitt Benckiser Group Company Profile

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.