Bernstein Sticks to Its Buy Rating for Reckitt (RKT)
Bernstein analyst Callum Elliott maintained a Buy rating on Reckitt today and set a price target of £65.00.
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According to TipRanks, Elliott is a 2-star analyst with an average return of 0.4% and a 45.95% success rate. Elliott covers the Consumer Defensive sector, focusing on stocks such as Nestlé SA, DANONE SA, and Unilever.
In addition to Bernstein, Reckitt also received a Buy from UBS’s Guillaume Delmas in a report issued on December 17. However, on the same day, Jefferies 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 20 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.
Read More on GB:RKT:
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