Reckitt Benckiser Group (LON:RKT) Price target raised to 7,700 GBX


Reckitt Benckiser Group (LON:RKT – Get Note) had its price target raised by Berenberg Bank from 7,460 GBX ($93.19) to 7,700 GBX ($96.19) in a research note released Friday to investors, Marketbeat Ratings reports. The company currently has a Buy rating on the stock.

A number of other stock analysts have also recently commented on RKT. Deutsche Bank Aktiengesellschaft restated a buy rating and set a target price of 7,200 GBX ($89.94) on Reckitt Benckiser Group shares in a Tuesday, April 5 report. JPMorgan Chase & Co. reaffirmed an overweight rating on Reckitt Benckiser Group shares in a Monday, April 4 report. Royal Bank of Canada raised its price target on the Reckitt Benckiser Group from 5,500 GBX ($68.71) to 5,900 GBX ($73.70) and gave the stock an industry performance rating in a note. search Friday. Morgan Stanley reaffirmed an overweight rating and issued a price target of 7,000 GBX ($87.45) on Reckitt Benckiser Group shares in a research note on Sunday, April 24. Finally, Barclays raised its price target on Reckitt Benckiser Group from 9,100 GBX ($113.68) to 9,300 GBX ($116.18) and gave the stock an overweight rating in a research note on Tuesday. One investment analyst gave the stock a hold rating and eight gave the company a buy rating. According to MarketBeat, Reckitt Benckiser Group has a consensus buy rating and a consensus target price of 7,555.56 GBX ($94.39).

Reckitt Benckiser Group shares opened at 6,214 GBX ($77.63) on Friday. The company has a quick ratio of 0.40, a current ratio of 0.62 and a debt ratio of 129.26. The company has a market capitalization of £44.42 billion and a PE ratio of -1,381.78. The company has a 50-day moving average of 5,947.24 GBX and a 200-day moving average of 6,047.83 GBX. The Reckitt Benckiser Group has a 52-week low of 4,905.16 GBX ($61.28) and a 52-week high of 6,709 GBX ($83.81).

The company also recently announced a dividend, which will be paid on Thursday, June 9. Shareholders of record on Thursday, April 28 will receive a dividend of 101.60 GBX ($1.27). This is a boost from Reckitt Benckiser Group’s previous dividend of $73.00. This represents a dividend yield of 1.75%. The ex-date of this dividend is Thursday, April 28. The Reckitt Benckiser Group’s dividend payout rate is currently -38.80%.

Reckitt Benckiser Group Company Profile (Get a rating)

Reckitt Benckiser Group plc manufactures, markets and sells health, hygiene and nutrition products in the UK, USA, China and internationally. The company offers acne treatment creams, facial cleansers and cleansing pads; disinfection, hygiene and first aid products; condoms, sex toys and lubricants; solutions for heartburn and indigestion; and cough and chest congestion, multiple symptom and sinus remedies for adults and children under the brand names Clearasil, Dettol, Durex, Gaviscon and Mucinex.

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