Reckitt Benckiser Group Plc (RB) Given a GBX 7,800 Price Target by Kepler Capital Markets Analysts
Kepler Capital Markets set a GBX 7,800 ($101.58) price objective on Reckitt Benckiser Group Plc (LON:RB) in a research report released on Wednesday, July 26th. The brokerage currently has a neutral rating on the stock.
A number of other equities analysts have also commented on the stock. J P Morgan Chase & Co reduced their target price on shares of Reckitt Benckiser Group Plc from GBX 7,300 ($95.06) to GBX 7,200 ($93.76) and set a neutral rating on the stock in a research report on Wednesday, July 26th. Goldman Sachs Group, Inc. (The) reaffirmed a neutral rating and set a GBX 8,130 ($105.87) target price on shares of Reckitt Benckiser Group Plc in a research report on Tuesday, July 25th. Societe Generale set a GBX 8,300 ($108.09) target price on shares of Reckitt Benckiser Group Plc and gave the stock a neutral rating in a research report on Tuesday, July 25th. Jefferies Group LLC reduced their target price on shares of Reckitt Benckiser Group Plc from GBX 8,200 ($106.78) to GBX 8,150 ($106.13) and set a hold rating on the stock in a research report on Tuesday, July 25th. Finally, Royal Bank Of Canada reaffirmed an underperform rating and set a GBX 6,400 ($83.34) target price on shares of Reckitt Benckiser Group Plc in a research report on Tuesday, July 25th. 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 stock. The company presently has an average rating of Hold and an average price target of GBX 8,129.38 ($105.87).
Shares of Reckitt Benckiser Group Plc (LON RB) opened at 7438.00 on Wednesday. Reckitt Benckiser Group Plc has a 52-week low of GBX 6,496.00 and a 52-week high of GBX 8,110.43. The firm’s 50-day moving average price is GBX 7,697.59 and its 200 day moving average price is GBX 7,438.21. The company’s market capitalization is GBX 52.32 billion.
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The company also recently disclosed a dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 17th will be issued a GBX 66.60 ($0.87) 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 business’s stock in a transaction on Friday, May 19th. The stock was bought at an average price of GBX 7,607 ($99.06) per share, with a total value of £42,142.78 ($54,880.56).
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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