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Reckitt (RKT) Gets a Hold from Kepler Capital

Reckitt (RKT) Gets a Hold from Kepler Capital

In a report released on July 7, Karel Zoete from Kepler Capital maintained a Hold rating on Reckitt, with a price target of p4,900.00. The company's shares closed yesterday at p5,064.00.
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According to TipRanks, Zoete is an analyst with an average return of -1.7% and a 47.31% success rate. Zoete covers the Consumer Defensive sector, focusing on stocks such as Unilever, Tate & Lyle, and Reckitt.
In addition to Kepler Capital , Reckitt also received a Hold from Jefferies's David Hayes in a report issued on July 1. However, on July 2, Citi maintained a Buy rating on Reckitt (LSE: RKT).
Based on Reckitt's latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of p284 million. In comparison, last year the company earned a revenue of p7.16 billion and had a net profit of p402 million
Based on the recent corporate insider activity of 14 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.
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