JPMorgan Chase & Co. Reiterates Neutral Rating for Reckitt Benckiser Group Plc (RB)
Reckitt Benckiser Group Plc (LON:RB)‘s stock had its “neutral” rating reiterated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Friday. They presently have a GBX 7,100 ($88.71) target price on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 4.49% from the stock’s previous close.
RB has been the subject of several other research reports. Shore Capital reaffirmed a “hold” rating on shares of Reckitt Benckiser Group Plc in a research note on Friday, July 29th. HSBC upped their price objective on Reckitt Benckiser Group Plc from GBX 8,100 ($101.20) to GBX 8,280 ($103.45) and gave the company a “buy” rating in a research note on Monday, August 1st. Berenberg Bank set a GBX 7,800 ($97.45) price objective on Reckitt Benckiser Group Plc and gave the company a “neutral” rating in a research note on Monday, August 1st. S&P Global Inc. set a GBX 7,800 ($97.45) price objective on Reckitt Benckiser Group Plc and gave the company a “neutral” rating in a research note on Wednesday, October 19th. Finally, Liberum Capital reaffirmed a “buy” rating and issued a GBX 8,400 ($104.95) price objective on shares of Reckitt Benckiser Group Plc in a research note on Thursday, August 11th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Reckitt Benckiser Group Plc presently has an average rating of “Hold” and a consensus target price of GBX 7,665.52 ($95.77).
Reckitt Benckiser Group Plc (LON:RB) opened at 6923.00 on Friday. The company’s market cap is GBX 48.81 billion. The firm has a 50-day moving average of GBX 7,206.53 and a 200-day moving average of GBX 7,173.11. Reckitt Benckiser Group Plc has a 52 week low of GBX 5,839.08 and a 52 week high of GBX 7,786.00.
In other news, insider Adrian Nevil Hennah acquired 8,959 shares of the firm’s stock in a transaction that occurred on Friday, October 21st. The stock was bought at an average price of GBX 7,219 ($90.19) per share, with a total value of £646,750.21 ($808,033.75).
Reckitt Benckiser Group Plc Company Profile
Reckitt Benckiser Group plc is a manufacturer and marketer of health, hygiene and home products. The Company’s segments include ENA, DvM and Food. The ENA segment consists of Europe, Russia/Commonwealth of Independent States (CIS), Israel, North America, Australia and New Zealand. The DvM segment consists of North Africa, Middle East (excluding Israel) and Turkey, Africa, South Asia, North Asia, Latin America, Japan, Korea and the Association of Southeast Asian Nations (ASEAN).
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