Kepler Capital Keeps Their Buy Rating on Reckitt (RKT)

Kepler Capital analyst Karel Zoete maintained a Buy rating on Reckitt on April 22 and set a price target of p6,000.00. The company’s shares closed yesterday at p4,692.00.

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According to TipRanks, Zoete is an analyst with an average return of -1.3% and a 46.84% success rate. Zoete covers the Consumer Defensive sector, focusing on stocks such as Unilever, Reckitt, and Essity AB.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Reckitt with a p6,194.45 average price target, implying a 32.02% upside from current levels. In a report released yesterday, Citi also maintained a Buy rating on the stock with a £62.00 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.