Reckitt Benckiser Group's (RKT) "Hold" Rating Reaffirmed at Jefferies Financial Group

Key Points

• Jefferies reaffirmed a Hold rating on Reckitt Benckiser with a GBX 5,600 target price, implying about a 16.98% upside from the prior close.
• Analyst consensus is a Hold (three Buys, four Holds) with an average price target of GBX 6,208.57, meaning Jefferies' target is below the group consensus.
• The stock traded around GBX 4,787 with a £30.81bn market cap and a P/E of 9.84, currently sitting below both its 50-day (GBX 5,526.57) and 200-day (GBX 5,812.57) moving averages.

Reckitt Benckiser Group (LON:RKT - Get Free Report)'s stock had its "hold" rating restated by stock analysts at Jefferies Financial Group in a research note issued on Friday,Digital Look reports. They presently have a GBX 5,600 target price on the stock. Jefferies Financial Group's target price suggests a potential upside of 16.98% from the stock's previous close.

RKT has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Reckitt Benckiser Group from GBX 5,500 to GBX 5,460 and set a "hold" rating for the company in a research report on Wednesday, March 25th. Citigroup dropped their price objective on shares of Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a "buy" rating for the company in a research note on Thursday. Berenberg Bank cut their price target on shares of Reckitt Benckiser Group from GBX 7,000 to GBX 6,200 and set a "buy" rating on the stock in a report on Friday. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a GBX 6,200 price target on shares of Reckitt Benckiser Group in a report on Thursday. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Reckitt Benckiser Group currently has a consensus rating of "Hold" and a consensus price target of GBX 6,208.57.

Reckitt Benckiser Group Price Performance

Shares of LON:RKT traded up GBX 12 during midday trading on Friday, reaching GBX 4,787. 245,214,938 shares of the company were exchanged, compared to its average volume of 19,624,014. The stock has a market cap of £30.81 billion, a PE ratio of 9.84, a price-to-earnings-growth ratio of 1.10 and a beta of 0.30. The business's fifty day moving average is GBX 5,526.57 and its two-hundred day moving average is GBX 5,812.57. Reckitt Benckiser Group has a one year low of GBX 4,574 and a one year high of GBX 6,522.92. The company has a current ratio of 0.85, a quick ratio of 0.46 and a debt-to-equity ratio of 108.83.

Reckitt Benckiser Group (LON:RKT - Get Free Report) last announced its quarterly earnings results on Thursday, March 5th. The company reported £122.58 EPS for the quarter. Reckitt Benckiser Group had a net margin of 25.23% and a return on equity of 38.45%. As a group, analysts predict that Reckitt Benckiser Group will post 331.2110727 earnings per share for the current year.

Reckitt Benckiser Group Company Profile

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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