Liberum Capital Reaffirms Buy Rating for Reckitt Benckiser Group Plc (LON:RB)

Liberum Capital reiterated their buy rating on shares of Reckitt Benckiser Group Plc (LON:RB) in a research note published on Wednesday, July 19th. The firm currently has a GBX 8,150 ($106.18) target price on the stock.

Several other analysts have also commented on RB. UBS AG set a GBX 7,300 ($95.10) price objective on shares of Reckitt Benckiser Group Plc and gave the stock a neutral rating in a research report on Wednesday, April 19th. Shore Capital reissued a hold rating on shares of Reckitt Benckiser Group Plc in a research report on Wednesday, July 19th. Kepler Capital Markets reissued a buy rating and issued a GBX 8,100 ($105.52) price target on shares of Reckitt Benckiser Group Plc in a research report on Tuesday, July 18th. Whitman Howard reissued a buy rating and issued a GBX 9,000 ($117.25) price target on shares of Reckitt Benckiser Group Plc in a research report on Wednesday, July 19th. Finally, J P Morgan Chase & Co reissued a neutral rating and issued a GBX 7,300 ($95.10) price target on shares of Reckitt Benckiser Group Plc in a research report on Friday, July 7th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of GBX 8,168.65 ($106.42).

Reckitt Benckiser Group Plc (LON:RB) opened at 7351.00 on Wednesday. The firm’s 50-day moving average price is GBX 7,775.62 and its 200-day moving average price is GBX 7,408.41. The company’s market capitalization is GBX 51.46 billion. Reckitt Benckiser Group Plc has a 52 week low of GBX 6,496.00 and a 52 week high of GBX 8,110.43.

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The business also recently declared a dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, August 17th will be issued a dividend of GBX 66.60 ($0.87) per share. This represents a dividend yield of 0.87%. The ex-dividend date is Thursday, August 17th.

In other Reckitt Benckiser Group Plc news, insider Rakesh Kapoor sold 58,094 shares of the stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of GBX 7,150 ($93.15), for a total transaction of £4,153,721 ($5,411,309.28). Also, insider Adrian Bellamy bought 554 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was acquired at an average cost of GBX 7,607 ($99.10) per share, with a total value of £42,142.78 ($54,902.01).

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, DvM and Food. 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).