Reckitt Benckiser Group (RKT)

Sector:

Household Goods

Index:

FTSE 100

4,512.00p
   
  • Change Today:
      74.00p
  • 52 Week High: 6,570.00
  • 52 Week Low: 4,296.00
  • Currency: UK Pounds
  • Shares Issued: 708.46m
  • Volume: 1,920,314
  • Market Cap: £31,966m

Berenberg lowers target price on Reckitt Group

By Iain Gilbert

Date: Wednesday 28 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg lowered their target price on consumer goods company Reckitt Group from 8,500.0p to 7,870.0p on Wednesday, stating effects stemming from the Covid-19 pandemic had made their mark on the firm.
Berenberg said "challenging comparables", social mobility and input cost pressures had taken their toll on Reckitt's performance in the second quarter, with like-for-like sales declining 1.0%, missing consensus expectations for an increase of 1.9%.

The German bank noted that the miss was driven by declines in the firm's health and nutrition divisions and below expectation operating margins of 21.6%. Adjusted earnings per share of £1.42 also missed consensus expectations by 2%.

Berenberg, which reiterated its 'buy' rating on the stock, added that Reckitt's results did not invalidate its investment thesis on the firm, which was based on improved execution and 3.9% organic sales growth in the medium term.

"We accept however, the near-term risk of stock volatility, at least until the base (ie post-Covid-19 levels of consumer demand for key categories) is better understood," concluded the analysts.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Reckitt Benckiser Market Data

Currency UK Pounds
Share Price 4,512.00p
Change Today 74.00p
% Change 1.67 %
52 Week High 6,570.00
52 Week Low 4,296.00
Volume 1,920,314
Shares Issued 708.46m
Market Cap £31,966m

Reckitt Benckiser Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
35.94% below the market average35.94% below the market average35.94% below the market average35.94% below the market average35.94% below the market average
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% below the sector average
Price Trend
46.51% below the market average46.51% below the market average46.51% below the market average46.51% below the market average46.51% below the market average
53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average
Income
51.77% above the market average51.77% above the market average51.77% above the market average51.77% above the market average51.77% above the market average
15.79% below the sector average15.79% below the sector average15.79% below the sector average15.79% below the sector average15.79% below the sector average
Growth
30.21% above the market average30.21% above the market average30.21% above the market average30.21% above the market average30.21% above the market average
38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average

What The Brokers Say

Strong Buy 4
Buy 5
Neutral 8
Sell 0
Strong Sell 2
Total 19
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Reckitt Benckiser Dividends

  Latest Previous
  Final Interim
Ex-Div 11-Apr-24 03-Aug-23
Paid 24-May-24 15-Sep-23
Amount 115.90p 76.60p

Trades for 28-Mar-2024

Time Volume / Share Price
16:38 7,200 @ 4,509.67p
16:36 1,600 @ 4,512.00p
16:35 1,108,251 @ 4,512.00p
16:35 3,751 @ 4,512.00p
16:35 2,541 @ 4,512.00p

Reckitt Benckiser Key Personnel

Chair Christopher Sinclair
CEO Kris Licht

Top of Page