JPMorgan Chase & Co. Reiterates “Neutral” Rating for Reckitt Benckiser Group Plc (RB)
Reckitt Benckiser Group Plc (LON:RB)‘s stock had its “neutral” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday.
Several other equities research analysts have also recently weighed in on RB. Commerzbank AG set a GBX 8,500 ($106.20) price objective on Reckitt Benckiser Group Plc and gave the stock a “buy” rating in a report on Thursday, July 21st. Credit Suisse Group AG reiterated an “outperform” rating and issued a GBX 7,950 ($99.33) price objective on shares of Reckitt Benckiser Group Plc in a report on Monday, July 25th. Liberum Capital reissued a “buy” rating and issued a GBX 8,400 ($104.95) target price on shares of Reckitt Benckiser Group Plc in a research report on Friday, July 29th. Shore Capital reissued a “hold” rating on shares of Reckitt Benckiser Group Plc in a research report on Friday, July 29th. Finally, S&P Global Inc. set a GBX 7,800 ($97.45) target price on Reckitt Benckiser Group Plc and gave the stock a “buy” rating in a research report on Friday, July 29th. 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 stock. The company 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 6902.00 on Thursday. The stock’s market cap is GBX 48.66 billion. Reckitt Benckiser Group Plc has a 52-week low of GBX 5,839.08 and a 52-week high of GBX 7,786.00. The firm has a 50-day moving average price of GBX 7,174.31 and a 200 day moving average price of GBX 7,173.95.
In related news, insider Adrian Nevil Hennah bought 8,959 shares of the stock in a transaction that occurred on Friday, October 21st. The shares were bought at an average cost of GBX 7,219 ($90.19) per share, for a total transaction 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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