Investec Reaffirms “Sell” Rating for Reckitt Benckiser Group Plc (RB)
Reckitt Benckiser Group Plc (LON:RB)‘s stock had its “sell” rating restated by investment analysts at Investec in a research report issued on Monday, July 24th. They currently have a GBX 7,425 ($96.39) price target on the stock. Investec’s price target would indicate a potential upside of 2.32% from the stock’s previous close.
RB has been the subject of several other reports. Jefferies Group LLC restated a “buy” rating and set a GBX 8,000 ($103.86) price objective on shares of Reckitt Benckiser Group Plc in a research note on Friday, April 28th. J P Morgan Chase & Co restated a “neutral” rating on shares of Reckitt Benckiser Group Plc in a research note on Monday, March 27th. Shore Capital restated a “hold” rating on shares of Reckitt Benckiser Group Plc in a research note on Friday, April 21st. Barclays PLC reiterated an “equal weight” rating and issued a GBX 7,230 ($93.86) target price on shares of Reckitt Benckiser Group Plc in a research note on Friday, March 31st. Finally, Kepler Capital Markets reiterated a “buy” rating and issued a GBX 8,100 ($105.15) target price on shares of Reckitt Benckiser Group Plc in a research note on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of GBX 8,129.38 ($105.54).
Reckitt Benckiser Group Plc (RB) traded down 1.32% on Monday, reaching GBX 7257.00. 964,485 shares of the company’s stock traded hands. The stock’s market cap is GBX 51.05 billion. The stock has a 50 day moving average price of GBX 7,571.65 and a 200 day moving average price of GBX 7,463.06. Reckitt Benckiser Group Plc has a 12-month low of GBX 6,496.00 and a 12-month high of GBX 8,110.43.
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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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