Reckitt Benckiser Group (LON:RKT) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Key Points

• Royal Bank Of Canada raised its price target for Reckitt Benckiser Group from GBX 5,700 to GBX 6,000, suggesting a potential upside of 8.89% from the stock's current price.
• Deutsche Bank reiterated a "hold" rating with a lower price target of GBX 5,300, indicating a mixed outlook among analysts, with four holding and one buying the stock.
• Reckitt Benckiser Group's recent earnings report showed an EPS of GBX 141.20 and a net margin of 10.78%, highlighting the company's financial health amidst varying analyst opinions.

Reckitt Benckiser Group (LON:RKT - Free Report) had its price target raised by Royal Bank Of Canada from GBX 5,700 ($76.60) to GBX 6,000 ($80.63) in a report published on Thursday morning, MarketBeat.com reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a GBX 5,300 ($71.23) target price on shares of Reckitt Benckiser Group in a research note on Monday, July 21st. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of GBX 5,219.25 ($70.14).

Reckitt Benckiser Group Stock Performance

Shares of Reckitt Benckiser Group stock traded up GBX 42 ($0.56) on Thursday, reaching GBX 5,584 ($75.04). The stock had a trading volume of 5,190,017 shares, compared to its average volume of 3,656,979. 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 business's 50-day moving average price is GBX 5,047.51 and its two-hundred day moving average price is GBX 5,060.60. The stock has a market cap of £38.10 billion, a P/E ratio of 25.55, a price-to-earnings-growth ratio of 1.10 and a beta of 0.09. Reckitt Benckiser Group has a fifty-two week low of GBX 4,034 ($54.21) and a fifty-two week high of GBX 5,626 ($75.61).

Reckitt Benckiser Group (LON:RKT - Get Free Report) last released its earnings results 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%. On average, sell-side analysts forecast that Reckitt Benckiser Group will post 331.2110727 EPS for the current year.

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.