J.P. Morgan Reaffirms Their Hold Rating on Reckitt (RKT)
In a report released yesterday, Celine Pannuti CFA from J.P. Morgan maintained a Hold rating on Reckitt. The company’s shares closed yesterday at p6,012.00.
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According to TipRanks, Pannuti CFA is an analyst with an average return of -2.4% and a 40.04% success rate. Pannuti CFA covers the Consumer Defensive sector, focusing on stocks such as Nestlé SA, Unilever, and DANONE SA.
In addition to J.P. Morgan, Reckitt also received a Hold from Jefferies’s David Hayes in a report issued on December 17. However, yesterday, Bernstein maintained a Buy 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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