Jefferies analyst David Hayes has maintained their neutral stance on RKT stock, giving a Hold rating today.
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David Hayes has given his Hold rating due to a combination of factors influencing Reckitt’s current market position. The company has shown strong momentum in North America and Europe, with improved balance between sell-in and sell-out metrics, as highlighted in recent conference feedback. Additionally, emerging markets continue to perform well, supported by ongoing investment in brand development.
However, despite these positive trends, the stock’s valuation appears to be high, with a forward price-to-earnings ratio exceeding 18 times. This elevated valuation suggests limited potential for further upside, which contributes to the decision to maintain a Hold rating. The current market conditions and valuation metrics indicate that while the company is performing well, the stock price may not have significant room for growth in the near term.
In another report released today, Barclays also maintained a Hold rating on the stock with a £56.00 price target.
Based on the recent corporate insider activity of 22 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.