Reckitt Benckiser Group Plc (LON:RB) has been given a GBX 8,000 ($105.53) price target by research analysts at S&P Global in a note issued to investors on Thursday, July 20th. The brokerage presently has a “neutral” rating on the stock. S&P Global’s target price would suggest a potential upside of 6.57% from the stock’s current price.
RB has been the subject of several other research reports. Jefferies Group LLC reissued a “buy” rating and issued a GBX 8,000 ($105.53) price target on shares of Reckitt Benckiser Group Plc in a research note on Friday, April 28th. J P Morgan Chase & Co restated a “neutral” rating on shares of Reckitt Benckiser Group Plc in a report on Monday, March 27th. Shore Capital restated a “hold” rating on shares of Reckitt Benckiser Group Plc in a report on Friday, April 21st. Barclays PLC restated an “equal weight” rating and issued a GBX 7,230 ($95.37) price objective on shares of Reckitt Benckiser Group Plc in a report on Friday, March 31st. Finally, Kepler Capital Markets restated a “buy” rating and issued a GBX 8,100 ($106.85) price objective on shares of Reckitt Benckiser Group Plc in a report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of GBX 8,129.38 ($107.23).
Reckitt Benckiser Group Plc (LON:RB) traded up 0.68% during midday trading on Thursday, reaching GBX 7507.00. The company’s stock had a trading volume of 551,844 shares. The company’s 50-day moving average price is GBX 7,734.95 and its 200-day moving average price is GBX 7,424.86. The company’s market capitalization is GBX 52.81 billion. Reckitt Benckiser Group Plc has a 1-year low of GBX 6,496.00 and a 1-year high of GBX 8,110.43.
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In related news, 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 price of GBX 7,607 ($100.34) per share, for a total transaction of £42,142.78 ($55,590.00).
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).
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