Reckitt Benckiser Group plc (LON:RKT) Given Average Rating of “Hold” by Brokerages

Shares of Reckitt Benckiser Group plc (LON:RKT) have earned an average recommendation of “Hold” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 6,279.29.

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Reckitt Benckiser Group from GBX 5,500 to GBX 6,100 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Royal Bank Of Canada cut Reckitt Benckiser Group to a “sector perform” rating and dropped their price target for the stock from GBX 6,400 to GBX 6,200 in a report on Wednesday, January 14th. Citigroup initiated coverage on Reckitt Benckiser Group in a report on Wednesday, January 14th. They issued a “buy” rating and a GBX 7,000 price objective on the stock. Finally, Jefferies Financial Group increased their price objective on Reckitt Benckiser Group from GBX 5,500 to GBX 5,700 and gave the stock a “hold” rating in a research report on Wednesday, January 7th.

Reckitt Benckiser Group Price Performance

LON:RKT opened at GBX 5,646 on Friday. The company has a market cap of £36.40 billion, a P/E ratio of 29.78, a P/E/G ratio of 1.10 and a beta of 0.10. The firm’s fifty day moving average price is GBX 6,178.68 and its two-hundred day moving average price is GBX 5,922.07. Reckitt Benckiser Group has a one year low of GBX 4,769.79 and a one year high of GBX 6,522.92. The company has a debt-to-equity ratio of 148.95, a current ratio of 0.56 and a quick ratio of 0.46.

Reckitt Benckiser Group (LON:RKT) last announced its earnings results on Thursday, March 5th. The company reported £122.58 EPS for the quarter. Reckitt Benckiser Group had a net margin of 7.27% and a return on equity of 11.73%. Equities analysts expect that Reckitt Benckiser Group will post 331.2110727 earnings per share for the current 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.