JPMorgan Chase & Co. Issues Positive Forecast for Reckitt Benckiser Group (LON:RKT) Stock Price

Key Points

• JPMorgan raised its price target for Reckitt Benckiser Group from GBX 5,800 to GBX 6,500 and maintained an “overweight” rating, implying 21.27% potential upside.
• Analyst sentiment is generally positive, with a consensus “Moderate Buy” rating and an average price target of GBX 6,178.86, although some firms maintain “hold” or “sector perform” ratings.
• Reckitt reported quarterly earnings per share of GBX 101.40, with a 21.09% net margin and 42.87% return on equity; insiders have also purchased shares in recent months.

Reckitt Benckiser Group (LON:RKT - Get Free Report) had its price objective raised by investment analysts at JPMorgan Chase & Co. from GBX 5,800 to GBX 6,500 in a research note issued on Tuesday, London Stock Exchange reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 21.27% from the company's current price.

A number of other analysts have also recently weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a GBX 5,400 price target on shares of Reckitt Benckiser Group in a research report on Thursday, July 30th. Royal Bank Of Canada reissued a "sector perform" rating and issued a GBX 6,200 price objective on shares of Reckitt Benckiser Group in a research note on Wednesday, July 29th. Jefferies Financial Group restated a "buy" rating and issued a GBX 5,900 target price on shares of Reckitt Benckiser Group in a report on Wednesday, July 29th. Finally, Berenberg Bank increased their price target on Reckitt Benckiser Group from GBX 5,179 to GBX 5,352 and gave the company a "hold" rating in a report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of GBX 6,178.86.

Reckitt Benckiser Group Price Performance

Shares of RKT opened at GBX 5,360 on Tuesday. The company has a debt-to-equity ratio of 179.24, a quick ratio of 0.46 and a current ratio of 0.59. The firm has a market cap of £34.04 billion, a PE ratio of 12.14, a PEG ratio of 1.10 and a beta of 0.26. The firm's 50 day moving average price is GBX 5,088.21 and its 200 day moving average price is GBX 5,128.46. Reckitt Benckiser Group has a twelve month low of GBX 3,866 and a twelve month high of GBX 6,522.92.

Reckitt Benckiser Group (LON:RKT - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported GBX 101.40 earnings per share for the quarter. Reckitt Benckiser Group had a net margin of 21.09% and a return on equity of 42.87%. As a group, research analysts expect that Reckitt Benckiser Group will post 331.2110727 EPS for the current fiscal year.

Insider Activity at Reckitt Benckiser Group

In related news, insider Gavin Patterson purchased 191 shares of the firm's stock in a transaction on Wednesday, August 26th. The shares were bought at an average cost of GBX 5,183 per share, for a total transaction of £9,899.53. Also, insider Shannon Eisenhardt acquired 432 shares of the business's stock in a transaction dated Friday, June 12th. The shares were bought at an average cost of £432 per share, with a total value of £186,624. Over the last ninety days, insiders acquired 1,032 shares of company stock worth $21,636,131. 0.45% of the stock is owned by insiders.

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.

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