Reckitt Benckiser Group (LON:RKT) Releases Earnings Results

Reckitt Benckiser Group (LON:RKT) issued 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 Price Performance

Reckitt Benckiser Group stock opened at GBX 4,984.16 on Friday. The stock has a market cap of £31.65 billion, a P/E ratio of 10.24, a P/E/G ratio of 1.10 and a beta of 0.25. The company has a quick ratio of 0.46, a current ratio of 0.85 and a debt-to-equity ratio of 108.83. The company’s 50 day moving average price is GBX 4,706.82 and its two-hundred day moving average price is 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.

Insider Activity at Reckitt Benckiser Group

In other Reckitt Benckiser Group news, insider Marybeth Hays purchased 340 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were bought at an average cost of GBX 4,585 per share, for a total transaction of £15,589. Also, insider Deepak Nath bought 257 shares of the stock in a transaction on Tuesday, June 23rd. The shares were acquired at an average cost of GBX 4,650 per share, for a total transaction of £11,950.50. Over the last three months, insiders have acquired 1,029 shares of company stock worth $21,416,350. 0.44% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RKT. Royal Bank Of Canada reiterated a “neutral” rating and set a GBX 6,200 price target on shares of Reckitt Benckiser Group in a report on Friday, May 15th. Citigroup dropped 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 note on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Reckitt Benckiser Group from GBX 5,460 to GBX 5,430 and set a “hold” rating for the company in a research report on Tuesday, April 28th. 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 on the stock in a research report on Friday, April 24th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 5,600 price target on shares of Reckitt Benckiser Group in a research note on Tuesday, June 16th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of GBX 6,204.29.

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.