Reckitt Benckiser Group Plc (LON:RB) Upgraded at Beaufort Securities

Beaufort Securities upgraded shares of Reckitt Benckiser Group Plc (LON:RB) to a hold rating in a research note released on Thursday, July 20th. Beaufort Securities currently has GBX 8,000 ($105.53) price objective on the stock.

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Several other research analysts have also recently issued reports on RB. Liberum Capital reissued a buy rating and issued a GBX 8,150 ($107.51) price objective on shares of Reckitt Benckiser Group Plc in a research note on Wednesday, July 19th. Shore Capital reaffirmed a hold rating on shares of Reckitt Benckiser Group Plc in a research report on Wednesday, July 19th. Whitman Howard reaffirmed a buy rating and set a GBX 9,000 ($118.72) target price on shares of Reckitt Benckiser Group Plc in a research report on Wednesday, July 19th. Kepler Capital Markets reaffirmed a buy rating and set a GBX 8,100 ($106.85) target price on shares of Reckitt Benckiser Group Plc in a research report on Tuesday, July 18th. Finally, Goldman Sachs Group, Inc. (The) set a GBX 8,130 ($107.24) price objective on Reckitt Benckiser Group Plc and gave the company a neutral rating in a report on Monday, July 10th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of GBX 8,143.40 ($107.42).

Reckitt Benckiser Group Plc (LON:RB) traded up 0.24% during trading on Thursday, reaching GBX 7369.00. The company had a trading volume of 1,194,162 shares. The company’s market capitalization is GBX 51.84 billion. The firm’s 50 day moving average is GBX 7,759.37 and its 200 day moving average is GBX 7,417.20. Reckitt Benckiser Group Plc has a one year low of GBX 6,496.00 and a one year 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. Investors of record on Thursday, August 17th will be given a GBX 66.60 ($0.88) dividend. The ex-dividend date is Thursday, August 17th. This represents a yield of 0.87%.

In other Reckitt Benckiser Group Plc news, insider Adrian Bellamy bought 554 shares of Reckitt Benckiser Group Plc stock in a transaction dated Friday, May 19th. The stock was acquired at an average cost of GBX 7,607 ($100.34) per share, with a total value of £42,142.78 ($55,590.00). Also, insider Rakesh Kapoor sold 58,094 shares of the company’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of GBX 7,150 ($94.31), for a total transaction of £4,153,721 ($5,479,120.17).

About Reckitt Benckiser Group Plc

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).