Reckitt Benckiser Group Plc (RB) Given New GBX 7,500 Price Target at Jefferies Group LLC
Reckitt Benckiser Group Plc (LON:RB) had its target price reduced by Jefferies Group LLC from GBX 8,150 ($105.26) to GBX 7,500 ($96.86) in a research report sent to investors on Friday morning. Jefferies Group LLC currently has a hold rating on the stock.
Other analysts have also recently issued research reports about the stock. J P Morgan Chase & Co cut their price target on shares of Reckitt Benckiser Group Plc from GBX 7,200 ($92.99) to GBX 6,900 ($89.11) and set a neutral rating for the company in a research note on Friday. BNP Paribas set a GBX 7,700 ($99.44) price target on shares of Reckitt Benckiser Group Plc and gave the company a neutral rating in a research note on Tuesday, September 5th. Societe Generale set a GBX 7,800 ($100.74) price target on shares of Reckitt Benckiser Group Plc and gave the company a neutral rating in a research note on Tuesday, September 5th. Liberum Capital reiterated a buy rating and issued a GBX 8,700 ($112.36) price target on shares of Reckitt Benckiser Group Plc in a research note on Wednesday, August 30th. Finally, Citigroup Inc. set a GBX 8,900 ($114.94) price target on shares of Reckitt Benckiser Group Plc and gave the company a buy rating in a research note on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the company. Reckitt Benckiser Group Plc currently has a consensus rating of Hold and a consensus price target of GBX 8,026.30 ($103.66).
Shares of Reckitt Benckiser Group Plc (LON:RB) traded down 2.34% on Friday, reaching GBX 6775.00. 2,643,170 shares of the company traded hands. The stock’s market cap is GBX 47.66 billion. The stock has a 50 day moving average of GBX 7,291.89 and a 200 day moving average of GBX 7,483.10. 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 business also recently disclosed a dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, August 17th will be given a GBX 66.60 ($0.86) dividend. 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.