Reckitt Benckiser Group (RB) Trading Down 0%
Reckitt Benckiser Group Plc (LON:RB)’s share price fell 0% during mid-day trading on Wednesday . The company traded as low as GBX 6,508 ($87.16) and last traded at GBX 6,518 ($87.29). 1,796,642 shares changed hands during trading, an increase of 4% from the average session volume of 1,720,000 shares. The stock had previously closed at GBX 6,518 ($87.29).
A number of research firms have commented on RB. Goldman Sachs Group cut their price objective on shares of Reckitt Benckiser Group from GBX 8,130 ($108.88) to GBX 7,920 ($106.07) and set a “neutral” rating for the company in a report on Thursday, September 21st. Societe Generale set a GBX 7,800 ($104.46) price target on shares of Reckitt Benckiser Group and gave the stock a “neutral” rating in a research note on Tuesday, September 5th. Credit Suisse Group reiterated an “outperform” rating and set a GBX 7,700 ($103.12) price target on shares of Reckitt Benckiser Group in a research note on Friday, October 13th. J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 6,900 ($92.41) price target on shares of Reckitt Benckiser Group in a research note on Wednesday, October 18th. Finally, Whitman Howard reissued a “buy” rating and issued a GBX 9,000 ($120.53) price objective on shares of Reckitt Benckiser Group in a research report on Monday, October 16th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of GBX 7,762.27 ($103.95).
In other news, insider Christopher Sinclair bought 2,800 shares of Reckitt Benckiser Group stock in a transaction dated Wednesday, November 1st. The shares were bought at an average price of GBX 6,597 ($88.35) per share, for a total transaction of £184,716 ($247,376.46). Also, insider Adrian Nevil Hennah purchased 2,285 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was acquired at an average cost of GBX 6,567 ($87.95) per share, with a total value of £150,055.95 ($200,958.82).
About Reckitt Benckiser Group
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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