Investec Trims Reckitt Benckiser Group Plc (RB) Target Price to GBX 6,400
Reckitt Benckiser Group Plc (LON:RB) had its target price trimmed by Investec from GBX 7,150 ($94.84) to GBX 6,400 ($84.89) in a research note published on Friday morning. The brokerage currently has a sell rating on the stock.
Several other brokerages have also weighed in on RB. Jefferies Group LLC lowered Reckitt Benckiser Group Plc to a hold rating and lifted their price target for the company from GBX 7,750 ($102.80) to GBX 8,400 ($111.42) in a research note on Thursday, July 6th. Liberum Capital reiterated a buy rating and set a GBX 8,150 ($108.10) price objective on shares of Reckitt Benckiser Group Plc in a research note on Wednesday, July 19th. J P Morgan Chase & Co set a GBX 6,900 ($91.52) price objective on Reckitt Benckiser Group Plc and gave the stock a neutral rating in a research note on Thursday, September 28th. Kepler Capital Markets reiterated a buy rating and set a GBX 8,100 ($107.44) price objective on shares of Reckitt Benckiser Group Plc in a research note on Tuesday, July 18th. Finally, Deutsche Bank AG reiterated a buy rating and set a GBX 8,500 ($112.75) price objective on shares of Reckitt Benckiser Group Plc in a research note on Monday, June 19th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of GBX 7,950.87 ($105.46).
Reckitt Benckiser Group Plc (RB) opened at 6885.00 on Friday. The stock has a 50 day moving average price of GBX 7,045.41 and a 200-day moving average price of GBX 7,428.74. Reckitt Benckiser Group Plc has a 1-year low of GBX 6,496.00 and a 1-year high of GBX 8,110.43. The company’s market cap is GBX 48.43 billion.
The company also recently announced a dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, August 17th were given a GBX 66.60 ($0.88) dividend. This represents a yield of 0.87%. The ex-dividend date of this dividend was Thursday, August 17th.
Reckitt Benckiser Group Plc Company Profile
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).
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