Berenberg Bank Remains a Hold on Reckitt (RKT)
In a report released today, from Berenberg Bank reiterated a Hold rating on Reckitt, with a price target of p5,479.00.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
In addition to Berenberg Bank, Reckitt also received a Hold from J.P. Morgan’s Celine Pannuti CFA in a report issued yesterday. However, on March 7, TipRanks – PerPlexity upgraded Reckitt (LSE: RKT) to a Buy.
Based on Reckitt’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p7.22 billion and a net profit of p2.22 billion. In comparison, last year the company earned a revenue of p7 billion and had a net profit of p284 million
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RKT in relation to earlier this year.
Read More on GB:RKT:
Disclaimer & DisclosureReport an Issue
- Reckitt Benckiser price target lowered to 5,800 GBp from 6,100 GBp at JPMorgan
- Reckitt Discloses LTIP Share Vesting and Sale by Nutrition President
- Reckitt launches £540m third tranche of £1bn share buyback
- Reckitt Earnings Call: Growth Engines vs. Headwinds
- Reckitt refreshes board with senior hires from Novartis and Smith+Nephew
