Deutsche Bank Aktiengesellschaft Has Lowered Expectations for Reckitt Benckiser Group (LON:RKT) Stock Price

Reckitt Benckiser Group (LON:RKT) had its price objective reduced by analysts at Deutsche Bank Aktiengesellschaft from GBX 5,500 to GBX 5,460 in a research note issued to investors on Wednesday, Marketbeat.com reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 6.72% from the company’s current price.

RKT has been the subject of several other reports. JPMorgan Chase & Co. raised their target price on shares of Reckitt Benckiser Group from GBX 5,500 to GBX 6,100 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Berenberg Bank dropped their price target on shares of Reckitt Benckiser Group from GBX 5,647 to GBX 5,479 and set a “hold” rating on the stock in a research report on Tuesday, March 10th. Royal Bank Of Canada cut shares of Reckitt Benckiser Group to a “sector perform” rating and cut their price target for the company from GBX 6,400 to GBX 6,200 in a research note on Wednesday, January 14th. Jefferies Financial Group lifted their price objective on shares of 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. Finally, Citigroup assumed coverage on shares of Reckitt Benckiser Group in a research note on Wednesday, January 14th. They set a “buy” rating and a GBX 7,000 price objective on the stock. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Reckitt Benckiser Group currently has a consensus rating of “Hold” and an average target price of GBX 6,234.14.

Reckitt Benckiser Group Stock Performance

RKT opened at GBX 5,116 on Wednesday. The business’s 50-day simple moving average is GBX 5,988.47 and its 200 day simple moving average is GBX 5,905.61. Reckitt Benckiser Group has a 52-week low of GBX 4,769.79 and a 52-week high of GBX 6,522.92. The company has a debt-to-equity ratio of 108.83, a quick ratio of 0.46 and a current ratio of 0.85. The firm has a market capitalization of £33.00 billion, a PE ratio of 26.99, a PEG ratio of 1.10 and a beta of 0.10.

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

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.