Reckitt Benckiser Group Plc (LON:RB)‘s stock had its “buy” rating reiterated by analysts at Whitman Howard in a research report issued to clients and investors on Wednesday, July 19th. They currently have a GBX 9,000 ($117.25) price target on the stock. Whitman Howard’s price objective points to a potential upside of 22.43% from the company’s current price.
Several other research analysts also recently issued reports on RB. Jefferies Group LLC reiterated a “buy” rating and issued a GBX 8,000 ($104.22) target price on shares of Reckitt Benckiser Group Plc in a research note on Friday, April 28th. J P Morgan Chase & Co upped their target price on shares of Reckitt Benckiser Group Plc from GBX 6,750 ($87.94) to GBX 7,250 ($94.45) and gave the stock a “neutral” rating in a research note on Monday, May 8th. Societe Generale set a GBX 8,900 ($115.95) target price on shares of Reckitt Benckiser Group Plc and gave the stock a “neutral” rating in a research note on Thursday, June 22nd. Citigroup Inc. reiterated a “buy” rating and issued a GBX 9,100 ($118.55) target price on shares of Reckitt Benckiser Group Plc in a research note on Tuesday, June 6th. Finally, Barclays PLC dropped their target price on shares of Reckitt Benckiser Group Plc from GBX 7,230 ($94.19) to GBX 7,100 ($92.50) and set an “equal weight” rating on the stock in a research note on Wednesday, April 26th. 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’s stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 8,143.40 ($106.09).
Reckitt Benckiser Group Plc (LON:RB) opened at 7423.00 on Wednesday. Reckitt Benckiser Group Plc has a 52-week low of GBX 6,496.00 and a 52-week high of GBX 8,110.43. The firm’s 50 day moving average is GBX 7,775.62 and its 200 day moving average is GBX 7,408.41. The company’s market cap is GBX 52.22 billion.
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In other news, insider Rakesh Kapoor sold 58,094 shares of the stock in a transaction on Friday, May 5th. The shares were sold at an average price of GBX 7,150 ($93.15), for a total value of £4,153,721 ($5,411,309.28). Also, insider Adrian Bellamy acquired 554 shares of Reckitt Benckiser Group Plc stock in a transaction dated Friday, May 19th. The stock was purchased 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).
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