JPMorgan Chase & Co. Analysts Give Reckitt Benckiser Group (RB) a GBX 7,500 Price Target
Reckitt Benckiser Group (LON:RB) has been given a GBX 7,500 ($103.62) price target by stock analysts at JPMorgan Chase & Co. in a note issued to investors on Monday. The brokerage presently has a “buy” rating on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 26.52% from the company’s current price.
Other equities analysts have also recently issued reports about the company. Liberum Capital reissued a “buy” rating and set a GBX 8,000 ($110.53) price objective on shares of Reckitt Benckiser Group in a report on Monday, January 15th. Goldman Sachs Group decreased their price objective on Reckitt Benckiser Group from GBX 7,000 ($96.71) to GBX 6,400 ($88.42) and set a “neutral” rating on the stock in a report on Monday. Kepler Capital Markets decreased their price objective on Reckitt Benckiser Group from GBX 7,300 ($100.86) to GBX 7,000 ($96.71) and set a “hold” rating on the stock in a report on Monday, January 8th. Investec reissued a “sell” rating and set a GBX 6,400 ($88.42) price objective on shares of Reckitt Benckiser Group in a report on Monday, January 29th. Finally, Credit Suisse Group decreased their price objective on Reckitt Benckiser Group from GBX 7,700 ($106.38) to GBX 7,500 ($103.62) and set an “outperform” rating on the stock in a report on Monday, January 29th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 7,310.87 ($101.01).
Shares of Reckitt Benckiser Group (RB) opened at GBX 5,928 ($81.90) on Monday. Reckitt Benckiser Group has a 1-year low of GBX 5,881 ($81.25) and a 1-year high of GBX 8,110.43 ($112.05). The firm has a market capitalization of $41,750.00 and a PE ratio of 2,155.64.
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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