UBS Sticks to Its Buy Rating for Reckitt (RKT)

In a report released today, Guillaume Delmas from UBS maintained a Buy rating on Reckitt, with a price target of p7,800.00.

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According to TipRanks, Delmas is a 3-star analyst with an average return of 1.7% and a 52.14% success rate. Delmas covers the Consumer Defensive sector, focusing on stocks such as L’Oreal, Unilever, and DANONE SA.

In addition to UBS, Reckitt also received a Buy from Barclays’s Warren Ackerman in a report issued today. However, on January 16, 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 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.