Reckitt Benckiser Group Plc (RB) Receives GBX 7,189.55 Consensus Price Target from Brokerages
Reckitt Benckiser Group Plc (LON:RB) has been assigned a consensus rating of “Hold” from the twenty-four research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is GBX 7,190 ($99.34).
A number of research firms recently weighed in on RB. Berenberg Bank set a GBX 7,500 ($103.62) price target on Reckitt Benckiser Group and gave the company a “buy” rating in a research note on Tuesday, February 20th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 7,200 ($99.47) price target on shares of Reckitt Benckiser Group in a research note on Thursday, March 8th. Citigroup restated a “buy” rating and issued a GBX 7,200 ($99.47) price target on shares of Reckitt Benckiser Group in a research note on Wednesday, February 28th. Liberum Capital restated a “buy” rating and issued a GBX 8,000 ($110.53) price target on shares of Reckitt Benckiser Group in a research note on Monday, January 15th. Finally, Goldman Sachs Group decreased their price target 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 research note on Monday, February 19th.
Reckitt Benckiser Group (LON RB) traded down GBX 16 ($0.22) during trading on Friday, hitting GBX 5,649 ($78.05). The company had a trading volume of 588,217 shares, compared to its average volume of 1,700,000. Reckitt Benckiser Group has a 12-month low of GBX 5,608 ($77.48) and a 12-month high of GBX 8,110.43 ($112.05). The stock has a market capitalization of $39,890.00 and a P/E ratio of 2,054.18.
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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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