Barclays Reaffirms Their Hold Rating on Reckitt (RKT)

In a report released today, Warren Ackerman from Barclays maintained a Hold rating on Reckitt, with a price target of £56.00. The company’s shares closed yesterday at p5,900.00.

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Ackerman covers the Consumer Defensive sector, focusing on stocks such as Unilever, Nestlé SA, and Reckitt. According to TipRanks, Ackerman has an average return of 2.9% and a 56.32% success rate on recommended stocks.

Reckitt has an analyst consensus of Moderate Buy, with a price target consensus of p5,855.50, implying a -0.75% downside from current levels. In a report released on October 16, Kepler Capital also maintained a Hold rating on the stock with a p4,900.00 price target.

RKT market cap is currently £39.75B and has a P/E ratio of 32.54.

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.