Goldman Sachs Sticks to Their Hold Rating for Reckitt (RKT)
Goldman Sachs analyst maintained a Hold rating on Reckitt yesterday. The company’s shares closed yesterday at p4,775.00.
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In addition to Goldman Sachs, Reckitt also received a Hold from Jefferies’s David Hayes in a report issued on April 22. However, yesterday, Barclays assigned a Buy rating to 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.
Read More on GB:RKT:
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- Reckitt Benckiser price target lowered to 6,200 GBp from 7,000 GBp at Citi
- Reckitt Non-Executive Director Harry Kirsch Joins Galderma Board
- Reckitt Benckiser Buys Back 192,000 Shares for Treasury Holding
- Hold Rating Maintained as Weak Q1 Performance and Margin Pressures Balance Risk‑Reward Profile
- Reckitt Buys Back 160,000 Shares, Updates Voting Rights Total
