Citi Keeps Their Buy Rating on Reckitt (RKT)
Citi analyst Cedric Besnard maintained a Buy rating on Reckitt today and set a price target of £62.00.
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According to TipRanks, Besnard is ranked #6645 out of 12161 analysts.
In addition to Citi, Reckitt also received a Buy from Barclays’s Warren Ackerman in a report issued today. However, yesterday, 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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