Berenberg Bank Issues Pessimistic Forecast for Reckitt Benckiser Group (LON:RKT) Stock Price

Reckitt Benckiser Group (LON:RKT) had its price target dropped by equities research analysts at Berenberg Bank from GBX 5,647 to GBX 5,479 in a report issued on Tuesday, Marketbeat Ratings reports. The firm currently has a “hold” rating on the stock. Berenberg Bank’s target price points to a potential upside of 0.50% from the stock’s previous close.

A number of other equities research analysts have also commented on RKT. Jefferies Financial Group upped their price target on Reckitt Benckiser Group from GBX 5,500 to GBX 5,700 and gave the company a “hold” rating in a research report on Wednesday, January 7th. Citigroup initiated 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 for the company. Royal Bank Of Canada lowered Reckitt Benckiser Group to a “sector perform” rating and cut their price objective for the stock from GBX 6,400 to GBX 6,200 in a research note on Wednesday, January 14th. Finally, JPMorgan Chase & Co. upped their target price on Reckitt Benckiser Group from GBX 5,500 to GBX 6,100 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of GBX 6,268.43.

Reckitt Benckiser Group Trading Down 0.4%

Shares of RKT stock traded down GBX 20.40 during trading hours on Tuesday, hitting GBX 5,451.60. 16,480,852 shares of the company’s stock traded hands, compared to its average volume of 12,833,812. The stock has a market cap of £35.16 billion, a PE ratio of 28.76, a price-to-earnings-growth ratio of 1.10 and a beta of 0.10. The stock’s 50 day simple moving average is GBX 6,161.30 and its 200 day simple moving average is GBX 5,927.61. The company has a quick ratio of 0.46, a current ratio of 0.85 and a debt-to-equity ratio of 108.83. Reckitt Benckiser Group has a 12 month low of GBX 4,769.79 and a 12 month high of GBX 6,522.92.

Reckitt Benckiser Group (LON:RKT) last issued its quarterly earnings data on Thursday, March 5th. The company reported £122.58 earnings per share for the quarter. Reckitt Benckiser Group had a net margin of 25.23% and a return on equity of 38.45%. On average, sell-side analysts anticipate that Reckitt Benckiser Group will post 331.2110727 EPS for the current year.

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.