Reckitt Benckiser Group Plc (RB) Stock Price Down 0.9%
Reckitt Benckiser Group Plc (LON:RB) fell 0.9% during mid-day trading on Tuesday . The company traded as low as GBX 7,024 ($90.71) and last traded at GBX 7,033 ($90.83). 961,524 shares changed hands during trading, a decline of 12% from the average session volume of 1,087,530 shares. The stock had previously closed at GBX 7,100 ($91.70).
Several research firms have weighed in on RB. J P Morgan Chase & Co restated a “neutral” rating and set a GBX 7,300 ($94.28) target price on shares of Reckitt Benckiser Group Plc in a research note on Friday, July 7th. Jefferies Group LLC cut their target price on Reckitt Benckiser Group Plc from GBX 8,200 ($105.90) to GBX 8,150 ($105.26) and set a “hold” rating for the company in a research note on Tuesday, July 25th. Royal Bank Of Canada set a GBX 6,400 ($82.66) target price on Reckitt Benckiser Group Plc and gave the stock a “sell” rating in a research note on Thursday, June 15th. Liberum Capital reiterated a “buy” rating and issued a GBX 8,150 ($105.26) price target on shares of Reckitt Benckiser Group Plc in a research note on Wednesday, July 19th. Finally, Macquarie reiterated a “buy” rating and issued a GBX 9,000 ($116.23) price target on shares of Reckitt Benckiser Group Plc in a research note on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have issued a buy rating to the stock. Reckitt Benckiser Group Plc presently has an average rating of “Hold” and an average target price of GBX 8,067.61 ($104.19).
The company has a 50 day moving average price of GBX 7,344.92 and a 200-day moving average price of GBX 7,493.94. The company’s market cap is GBX 49.47 billion.
The company also recently declared a dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, August 17th will be issued a dividend of GBX 66.60 ($0.86) per share. This represents a dividend yield of 0.87%. The ex-dividend date is Thursday, August 17th.
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 and DvM. 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).
Receive News & Stock Ratings for Reckitt Benckiser Group Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reckitt Benckiser Group Plc and related stocks with our FREE daily email newsletter.