Reckitt Benckiser Group plc (LON:RKT) Stock Has Average Price Target of GBX 5,930.33 According to Analysts

Key Points

• Analysts give Reckitt Benckiser a “Moderate Buy” consensus: three rate the stock Buy and three Hold. Their average one-year price target is GBX 5,930.33.
• Recent analyst targets range from GBX 5,382 at Berenberg to GBX 6,500 at JPMorgan; JPMorgan raised its target and assigned an Overweight rating.
• Two insiders purchased shares in August: Deborah Waterhouse bought 152 shares and Gavin Patterson bought 191 shares. Insiders own 0.44% of the company’s stock.

Reckitt Benckiser Group plc (LON:RKT - Get Free Report) has earned an average recommendation of "Moderate Buy" from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 5,930.33.

RKT has been the subject of a number of recent research reports. Jefferies Financial Group reissued a "buy" rating and issued a GBX 5,900 price objective on shares of Reckitt Benckiser Group in a report on Wednesday, October 28th. Deutsche Bank Aktiengesellschaft reiterated 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. Berenberg Bank boosted their price target on Reckitt Benckiser Group from GBX 5,352 to GBX 5,382 and gave the company a "hold" rating in a research note on Monday, November 2nd. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a GBX 6,200 price objective on shares of Reckitt Benckiser Group in a research report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. raised their target price on shares of Reckitt Benckiser Group from GBX 5,800 to GBX 6,500 and gave the company an "overweight" rating in a report on Tuesday, September 1st.

Insider Buying and Selling at Reckitt Benckiser Group

In other Reckitt Benckiser Group news, insider Deborah Waterhouse bought 152 shares of Reckitt Benckiser Group stock in a transaction on Wednesday, August 26th. The shares were purchased at an average price of GBX 5,189 per share, with a total value of £7,887.28. Also, insider Gavin Patterson bought 191 shares of Reckitt Benckiser Group stock in a transaction on Wednesday, August 26th. The stock was acquired at an average cost of GBX 5,183 per share, for a total transaction of £9,899.53. 0.44% of the stock is owned by corporate insiders.

Reckitt Benckiser Group Stock Down 0.1%

RKT opened at GBX 5,648 on Wednesday. The stock has a fifty day moving average of GBX 5,224.60 and a 200-day moving average of GBX 5,215.46. The company has a market capitalization of £35.77 billion, a P/E ratio of 12.79, a P/E/G ratio of 1.10 and a beta of 0.26. Reckitt Benckiser Group has a fifty-two week low of GBX 3,866 and a fifty-two week high of GBX 6,522.92. The company has a debt-to-equity ratio of 179.24, a quick ratio of 0.46 and a current ratio of 0.59.

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.

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