Church & Dwight (CHD) Stock Rallies on Takeover Speculation

NEW YORK (TheStreet) -- Church & Dwight (CHK) - Get Report  shares are jumping 2.03% to $98.95 on Thursday amid speculation that the consumer products maker may receive a $23 billion takeover bid from Reckitt Benckiser, a British consumer goods company, Bloomberg reports, citing Spanish website Negocios.com. 

The maker of Trojan condoms and Arm & Hammer baking soda, Church & Dwight currently has a market value of $12 billion, and is the most likely participant as either a target or an acquirer in any impending industry consolidation, according to Jefferies analysts. 

Reckitt Benckiser could make an offer as early as next week.

Church & Dwight released a statement today dismissing takeover rumors and saying that it has not held talks with any firm about a possible takeover. 

This takeover speculation comes after Church & Dwight said it was looking for deals on May 10, Bloomberg added.

Separately, TheStreet Ratings currently has a "Buy" rating on the stock with a letter grade of A.

The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.

You can view the full analysis from the report here: CHD