RBC Capital Keeps Their Buy Rating on Reckitt (RKT)

RBC Capital analyst James Edwardes Jones maintained a Buy rating on Reckitt yesterday and set a price target of p6,400.00.

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According to TipRanks, Edwardes Jones is a 4-star analyst with an average return of 3.7% and a 65.24% success rate. Edwardes Jones covers the Consumer Defensive sector, focusing on stocks such as Unilever, Nestlé SA, and Diageo.

In addition to RBC Capital, Reckitt also received a Buy from TR | OpenAI – 4o’s Bram Softner in a report issued on December 7. However, on December 8, Kepler Capital maintained a Hold rating on Reckitt (LSE: RKT).

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.