Barclays Remains a Buy on Reckitt (RKT)

Barclays analyst Warren Ackerman maintained a Buy rating on Reckitt yesterday. The company’s shares closed yesterday at p5,164.00.

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Ackerman covers the Consumer Defensive sector, focusing on stocks such as Nestlé SA, Henkel AG & Co. KGaA, and Reckitt. According to TipRanks, Ackerman has an average return of -0.3% and a 45.60% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Reckitt with a p6,228.15 average price target, a 20.61% upside from current levels. In a report released yesterday, Bernstein also assigned a Buy rating to the stock with a p7,500.00 price target.

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.