Reckitt Benckiser Group (LON:RKT) Announces Quarterly Earnings Results

Reckitt Benckiser Group (LON:RKT) posted its quarterly earnings results on Friday. The company reported GBX 147.08 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Reckitt Benckiser Group had a net margin of 22.40% and a return on equity of 45.27%.

Reckitt Benckiser Group Stock Performance

Shares of LON RKT traded up GBX 15 during trading on Friday, reaching GBX 5,012. 5,674,669 shares of the stock traded hands, compared to its average volume of 25,979,961. The stock has a market capitalization of £31.83 billion, a P/E ratio of 10.30, a price-to-earnings-growth ratio of 1.10 and a beta of 0.25. The company has a debt-to-equity ratio of 108.83, a current ratio of 0.85 and a quick ratio of 0.46. The company has a 50-day moving average of GBX 4,706.82 and a 200-day moving average of GBX 5,378.55. Reckitt Benckiser Group has a 52-week low of GBX 3,866 and a 52-week high of GBX 6,522.92.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Reckitt Benckiser Group from GBX 5,460 to GBX 5,430 and set a “hold” rating on the stock in a research report on Tuesday, April 28th. Citigroup lowered their price target on Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Royal Bank Of Canada reaffirmed a “neutral” rating and issued a GBX 6,200 target price on shares of Reckitt Benckiser Group in a research report on Friday, May 15th. Berenberg Bank dropped their target price on shares of Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a “buy” rating for the company in a research report on Friday, April 24th. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 5,600 target price on shares of Reckitt Benckiser Group in a research note on Tuesday, June 16th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Reckitt Benckiser Group currently has a consensus rating of “Hold” and an average target price of GBX 6,204.29.

Insider Buying and Selling

In other news, insider Kris Licht sold 5,435 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of GBX 4,753, for a total value of £258,325.55. Also, insider Shannon Eisenhardt acquired 432 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were acquired at an average cost of £432 per share, with a total value of £186,624. Insiders acquired 1,029 shares of company stock worth $21,416,350 over the last quarter. 0.44% of the stock is owned by corporate 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.