Kepler Capital Remains a Hold on Reckitt (RKT)

Kepler Capital analyst Karel Zoete maintained a Hold rating on Reckitt on October 22 and set a price target of p4,900.00. The company’s shares closed yesterday at p5,884.00.

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Zoete covers the Consumer Defensive sector, focusing on stocks such as Unilever, Tate & Lyle, and Corbion NV. According to TipRanks, Zoete has an average return of -2.2% and a 47.49% success rate on recommended stocks.

Currently, the analyst consensus on Reckitt is a Moderate Buy with an average price target of p5,905.50, a 0.37% upside from current levels. In a report released on October 22, Jefferies also maintained a Hold rating on the stock with a p5,200.00 price target.

The company has a one-year high of p6,014.00 and a one-year low of p4,579.00. Currently, Reckitt has an average volume of 1.52M.

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RKT in relation to earlier this year.