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

Kepler Capital analyst Karel Zoete maintained a Hold rating on Reckitt on December 8 and set a price target of p4,900.00. The company’s shares closed yesterday at p5,902.00.

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According to TipRanks, Zoete is an analyst with an average return of -2.3% and a 45.21% success rate. Zoete covers the Consumer Defensive sector, focusing on stocks such as Unilever, Tate & Lyle, and Reckitt.

Reckitt has an analyst consensus of Moderate Buy, with a price target consensus of p6,124.70, which is a 3.77% upside from current levels. In a report released on December 5, Jefferies also maintained a Hold rating on the stock with a p5,500.00 price target.

Based on Reckitt’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of p3.49 billion and a net profit of p479 million. In comparison, last year the company earned a revenue of p7.17 billion and had a net profit of p1.14 billion

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.