UBS Sticks to Their Buy Rating for Reckitt (RKT)

In a report released today, Guillaume Delmas from UBS maintained a Buy rating on Reckitt, with a price target of p7,400.00.

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Delmas covers the Consumer Defensive sector, focusing on stocks such as DANONE SA, Nestlé SA, and L’Oreal. According to TipRanks, Delmas has an average return of 2.6% and a 50.25% success rate on recommended stocks.

In addition to UBS, Reckitt also received a Buy from Barclays’s Warren Ackerman in a report issued today. However, on March 25, Deutsche Bank reiterated a Hold rating on Reckitt (LSE: RKT).

Based on Reckitt’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p7.22 billion and a net profit of p2.22 billion. In comparison, last year the company earned a revenue of p7 billion and had a net profit of p284 million

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RKT in relation to earlier this year.