Reckitt Benckiser Group Plc (RB) Stock Price Down 0.7%
Reckitt Benckiser Group Plc (LON:RB) traded down 0.7% during mid-day trading on Wednesday . The company traded as low as GBX 7,038 ($92.53) and last traded at GBX 7,038 ($92.53). 1,453,872 shares changed hands during mid-day trading, an increase of 11% from the average session volume of 1,310,050 shares. The stock had previously closed at GBX 7,090 ($93.22).
A number of equities research analysts recently issued reports on the stock. J P Morgan Chase & Co upped their price objective on shares of Reckitt Benckiser Group Plc from GBX 7,250 ($95.32) to GBX 7,300 ($95.98) and gave the company a “neutral” rating in a report on Tuesday, June 20th. Independent Research GmbH set a GBX 8,500 ($111.75) price objective on shares of Reckitt Benckiser Group Plc and gave the company a “neutral” rating in a report on Thursday, July 20th. Beaufort Securities raised shares of Reckitt Benckiser Group Plc to a “hold” rating and set a GBX 8,000 ($105.18) price objective for the company in a report on Thursday, July 20th. S&P Global set a GBX 8,000 ($105.18) price objective on shares of Reckitt Benckiser Group Plc and gave the company a “neutral” rating in a report on Thursday, July 20th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a GBX 8,500 ($111.75) price objective on shares of Reckitt Benckiser Group Plc in a report on Monday, June 19th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the company. Reckitt Benckiser Group Plc currently has an average rating of “Hold” and an average target price of GBX 7,950.87 ($104.53).
The stock’s market cap is GBX 49.51 billion. The firm’s 50 day moving average is GBX 7,023.73 and its 200 day moving average is GBX 7,420.93.
The business also recently declared a dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, August 17th were issued 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.
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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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