Reckitt (RKT) Receives a Buy from Barclays
In a report released today, Warren Ackerman from Barclays maintained a Buy rating on Reckitt, with a price target of £63.00.
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Ackerman covers the Consumer Defensive sector, focusing on stocks such as Unilever, Reckitt, and Nestlé SA. According to TipRanks, Ackerman has an average return of -0.7% and a 45.27% success rate on recommended stocks.
In addition to Barclays, Reckitt also received a Buy from Morgan Stanley’s Sarah Simon in a report issued on April 7. However, on March 30, Jefferies maintained 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.
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