Berenberg Bank Has Lowered Expectations for Reckitt Benckiser Group (LON:RKT) Stock Price

Key Points

• Berenberg Bank has decreased its price target for Reckitt Benckiser Group from GBX 5,920 to GBX 5,555, maintaining a "hold" rating on the stock, suggesting a potential upside of 1.70% from the last close.
• Royal Bank of Canada has increased its price objective for the company to GBX 6,000 and given an "outperform" rating, contrasting with other analysts' more cautious stances.
• Company shares opened at GBX 5,462, with a 52-week range between GBX 4,135 and GBX 5,722, alongside a market capitalization of £37.26 billion.

Reckitt Benckiser Group (LON:RKT - Free Report) had its price target cut by Berenberg Bank from GBX 5,920 ($79.59) to GBX 5,555 ($74.68) in a research note published on Wednesday morning, Marketbeat reports. They currently have a hold rating on the stock.

Several other equities research analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a GBX 5,300 ($71.26) target price on shares of Reckitt Benckiser Group in a research note on Monday, July 21st. Royal Bank Of Canada increased their price objective on shares of Reckitt Benckiser Group from GBX 5,700 ($76.63) to GBX 6,000 ($80.67) and gave the stock an "outperform" rating in a research report on Thursday, July 24th.

Reckitt Benckiser Group Stock Performance

Shares of LON:RKT traded up GBX 14 ($0.19) on Wednesday, hitting GBX 5,448 ($73.25). 593,410 shares of the company were exchanged, compared to its average volume of 3,499,949. The company's 50 day moving average price is GBX 5,178.93 and its two-hundred day moving average price is GBX 5,104.67. Reckitt Benckiser Group has a one year low of GBX 4,138 ($55.63) and a one year high of GBX 5,722 ($76.93). The company has a debt-to-equity ratio of 110.26, a quick ratio of 0.46 and a current ratio of 0.69. The firm has a market capitalization of £37.17 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 1.10 and a beta of 0.09.

Reckitt Benckiser Group (LON:RKT - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported GBX 141.20 ($1.90) earnings per share for the quarter. Reckitt Benckiser Group had a net margin of 10.78% and a return on equity of 18.70%. Research analysts expect that Reckitt Benckiser Group will post 331.2110727 earnings per share for the current year.

Insider Activity

In other news, insider Tamara Ingram purchased 293 shares of the business's stock in a transaction on Wednesday, July 30th. The stock was purchased at an average price of GBX 5,626 ($75.64) per share, for a total transaction of £16,484.18 ($22,162.11). Also, insider Jeremy Darroch bought 1,652 shares of the business's stock in a transaction dated Tuesday, July 29th. The shares were bought at an average price of GBX 5,649 ($75.95) per share, with a total value of £93,321.48 ($125,465.82). In the last ninety days, insiders have bought 2,212 shares of company stock worth $12,488,849. 0.05% 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.