Kepler Capital Sticks to Their Hold Rating for Reckitt (RKT)

Kepler Capital analyst Karel Zoete maintained a Hold rating on Reckitt on October 16 and set a price target of p4,900.00. The company’s shares closed yesterday at p5,882.00.

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According to TipRanks, Zoete is an analyst with an average return of -2.5% and a 45.81% success rate. Zoete covers the Consumer Defensive sector, focusing on stocks such as Unilever, Corbion NV, and Tate & Lyle.

In addition to Kepler Capital , Reckitt also received a Hold from Jefferies’s David Hayes in a report issued on October 1. However, yesterday, UBS reiterated a Buy rating on Reckitt (LSE: RKT).

The company has a one-year high of p5,830.00 and a one-year low of p4,579.00. Currently, Reckitt has an average volume of 1.46M.

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.