Reckitt Benckiser Group Plc (RB) Stock Rating Reaffirmed by Liberum Capital
Reckitt Benckiser Group Plc (LON:RB)‘s stock had its “buy” rating reaffirmed by analysts at Liberum Capital in a note issued to investors on Monday. They currently have a GBX 8,400 ($104.95) price objective on the stock. Liberum Capital’s price objective would suggest a potential upside of 21.49% from the stock’s current price.
A number of other research firms have also issued reports on RB. JPMorgan Chase & Co. restated a “neutral” rating on shares of Reckitt Benckiser Group Plc in a report on Monday, September 5th. Credit Suisse Group AG set a GBX 7,950 ($99.33) price target on shares of Reckitt Benckiser Group Plc and gave the company a “buy” rating in a report on Monday, July 18th. Numis Securities Ltd restated a “hold” rating and set a GBX 7,720 ($96.45) price target on shares of Reckitt Benckiser Group Plc in a report on Monday, July 18th. S&P Global Inc. set a GBX 7,800 ($97.45) price target on shares of Reckitt Benckiser Group Plc and gave the company a “buy” rating in a report on Friday, July 29th. Finally, Shore Capital restated a “hold” rating on shares of Reckitt Benckiser Group Plc in a report on Friday, July 29th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the company. Reckitt Benckiser Group Plc has an average rating of “Hold” and an average target price of GBX 7,665.52 ($95.77).
Reckitt Benckiser Group Plc (LON:RB) opened at 6907.00 on Monday. The company’s 50 day moving average is GBX 7,198.62 and its 200 day moving average is GBX 7,172.39. Reckitt Benckiser Group Plc has a 12-month low of GBX 5,839.08 and a 12-month high of GBX 7,786.00. The firm’s market cap is GBX 48.70 billion.
In related news, insider Adrian Nevil Hennah purchased 8,959 shares of Reckitt Benckiser Group Plc stock in a transaction on Friday, October 21st. The stock was purchased at an average cost of GBX 7,219 ($90.19) per share, with a total value of £646,750.21 ($808,033.75).
About Reckitt Benckiser Group Plc
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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