Reckitt Benckiser Group (LON:RKT) Price Target Cut to GBX 5,555 by Analysts at Berenberg Bank

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 objective decreased by Berenberg Bank from GBX 5,920 ($79.62) to GBX 5,555 ($74.71) in a research report sent to investors on Wednesday morning, Marketbeat reports. Berenberg Bank currently has a hold rating on the stock.

Several other equities analysts also recently issued reports on RKT. Royal Bank Of Canada upped their price objective on shares of Reckitt Benckiser Group from GBX 5,700 ($76.66) to GBX 6,000 ($80.70) and gave the company an "outperform" rating in a research note on Thursday, July 24th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a GBX 5,300 ($71.28) target price on shares of Reckitt Benckiser Group in a report on Monday, July 21st.

Reckitt Benckiser Group Stock Down 0.6%

RKT traded down GBX 32 ($0.43) on Wednesday, reaching GBX 5,434 ($73.09). The company's stock had a trading volume of 3,622,644 shares, compared to its average volume of 3,518,946. The company has a market capitalization of £37.07 billion, a price-to-earnings ratio of 24.87, a P/E/G ratio of 1.10 and a beta of 0.09. Reckitt Benckiser Group has a fifty-two week low of GBX 4,138 ($55.66) and a fifty-two week high of GBX 5,722 ($76.96). The company has a quick ratio of 0.46, a current ratio of 0.69 and a debt-to-equity ratio of 110.26. The stock has a 50 day moving average of GBX 5,178.93 and a two-hundred day moving average of GBX 5,103.88.

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%. As a group, analysts forecast that Reckitt Benckiser Group will post 331.2110727 EPS for the current fiscal year.

Insider Buying and Selling at Reckitt Benckiser Group

In related news, insider Margherita Della purchased 267 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were purchased at an average price of GBX 5,649 ($75.98) per share, with a total value of £15,082.83 ($20,286.25). Also, insider Jeremy Darroch acquired 1,652 shares of Reckitt Benckiser Group stock in a transaction on Tuesday, July 29th. The shares were bought at an average cost of GBX 5,649 ($75.98) per share, with a total value of £93,321.48 ($125,516.45). Insiders have bought 2,212 shares of company stock worth $12,488,849 in the last 90 days. Company insiders own 0.05% of the company's stock.

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.