Reckitt Benckiser Group Plc (RB) Cut to “Hold” at Jefferies Group LLC
Jefferies Group LLC lowered shares of Reckitt Benckiser Group Plc (LON:RB) to a hold rating in a report released on Thursday, July 6th, MarketBeat.com reports. They currently have GBX 8,400 ($110.80) price objective on the stock, up from their previous price objective of GBX 7,750 ($102.23).
Several other equities analysts have also weighed in on RB. Liberum Capital restated a buy rating and set a GBX 8,150 ($107.51) target price on shares of Reckitt Benckiser Group Plc in a report on Thursday, July 6th. Whitman Howard reiterated a buy rating and issued a GBX 9,000 ($118.72) price objective on shares of Reckitt Benckiser Group Plc in a report on Tuesday, July 4th. Berenberg Bank reiterated a buy rating and issued a GBX 8,500 ($112.12) price objective on shares of Reckitt Benckiser Group Plc in a report on Tuesday, July 4th. J P Morgan Chase & Co reiterated a neutral rating on shares of Reckitt Benckiser Group Plc in a report on Friday, June 30th. Finally, Credit Suisse Group boosted their price objective on shares of Reckitt Benckiser Group Plc from GBX 7,800 ($102.89) to GBX 8,650 ($114.10) and gave the stock an outperform rating in a report on Monday, June 26th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Reckitt Benckiser Group Plc presently has an average rating of Hold and an average price target of GBX 8,129.38 ($107.23).
Shares of Reckitt Benckiser Group Plc (LON:RB) traded up 0.68% during trading on Thursday, hitting GBX 7507.00. The stock had a trading volume of 551,844 shares. Reckitt Benckiser Group Plc has a 12-month low of GBX 6,496.00 and a 12-month high of GBX 8,110.43. The stock’s market cap is GBX 52.81 billion. The stock’s 50-day moving average is GBX 7,734.95 and its 200-day moving average is GBX 7,424.86.
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The business also recently disclosed a dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 17th will be paid a GBX 66.60 ($0.88) dividend. The ex-dividend date is Thursday, August 17th. This represents a yield of 0.87%.
In other news, insider Adrian Bellamy acquired 554 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was acquired at an average cost of GBX 7,607 ($100.34) per share, with a total value of £42,142.78 ($55,590.00).
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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