Reckitt Benckiser Group Plc (RB) Given a GBX 7,200 Price Target at J P Morgan Chase & Co
J P Morgan Chase & Co set a GBX 7,200 ($93.76) target price on Reckitt Benckiser Group Plc (LON:RB) in a research report released on Tuesday. The brokerage currently has a neutral rating on the stock.
A number of other analysts have also recently issued reports on RB. UBS AG set a GBX 7,300 ($95.06) price objective on Reckitt Benckiser Group Plc and gave the company a neutral rating in a research report on Tuesday, April 25th. Citigroup Inc. set a GBX 8,900 ($115.90) price objective on Reckitt Benckiser Group Plc and gave the company a buy rating in a research report on Thursday, August 3rd. Macquarie restated a buy rating and set a GBX 9,000 ($117.20) price objective on shares of Reckitt Benckiser Group Plc in a research report on Wednesday, August 2nd. Jefferies Group LLC lowered their price objective on 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, Kepler Capital Markets restated a buy rating and set a GBX 8,100 ($105.48) price objective on shares of Reckitt Benckiser Group Plc in a research report on Monday, July 24th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the company. Reckitt Benckiser Group Plc presently has an average rating of Hold and an average price target of GBX 8,129.38 ($105.87).
Reckitt Benckiser Group Plc (LON RB) opened at 7352.00 on Tuesday. The firm’s market cap is GBX 51.72 billion. 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 firm has a 50-day moving average of GBX 7,635.84 and a 200-day moving average of GBX 7,448.62.
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The business also recently declared a dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 17th will be given a GBX 66.60 ($0.87) dividend. This represents a yield of 0.87%. The ex-dividend date is Thursday, August 17th.
In related news, insider Adrian Bellamy purchased 554 shares of the stock in a transaction on Friday, May 19th. The shares were purchased at an average cost of GBX 7,607 ($99.06) per share, for a total transaction 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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