Reckitt (RKT) Gets a Hold from Kepler Capital

In a report released on January 16, Karel Zoete from Kepler Capital maintained a Hold rating on Reckitt, with a price target of p6,200.00. The company’s shares closed last Friday at p6,116.00.

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Zoete covers the Consumer Defensive sector, focusing on stocks such as Unilever, Beiersdorf, and Reckitt. According to TipRanks, Zoete has an average return of -1.6% and a 47.37% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Reckitt with a p6,349.73 average price target, a 3.82% upside from current levels. In a report released on January 16, TipRanks – xAI also reiterated a Hold rating on the stock with a p6,710.00 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 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.