Deutsche Bank Keeps Their Hold Rating on Reckitt (RKT)

In a report released today, Tom Sykes from Deutsche Bank reiterated a Hold rating on Reckitt, with a price target of p5,460.00.

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According to TipRanks, Sykes is a 3-star analyst with an average return of 2.1% and a 50.28% success rate. Sykes covers the Consumer Defensive sector, focusing on stocks such as L’Oreal, DANONE SA, and Nestlé SA.

In addition to Deutsche Bank , Reckitt also received a Hold from Berenberg Bank’s Bethan Davies in a report issued on March 10. However, on March 16, Morgan Stanley 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 22 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.