Reckitt Benckiser Group (RB) PT Set at GBX 7,500 by JPMorgan Chase & Co.

Reckitt Benckiser Group (LON:RB) received a GBX 7,500 ($101.71) price target from investment analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday, January 3rd. The firm currently has a “buy” rating on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 10.29% from the stock’s current price.

Several other research analysts have also recently commented on the stock. Liberum Capital reiterated a “buy” rating and issued a GBX 8,000 ($108.49) target price on shares of Reckitt Benckiser Group in a report on Tuesday, December 19th. Goldman Sachs Group set a GBX 7,070 ($95.88) target price on shares of Reckitt Benckiser Group and gave the stock a “neutral” rating in a report on Monday, December 11th. Barclays reissued an “equal weight” rating and issued a GBX 6,600 ($89.50) price target (down from GBX 7,100 ($96.28)) on shares of Reckitt Benckiser Group in a research report on Monday, November 27th. UBS Group set a GBX 7,000 ($94.93) price target on shares of Reckitt Benckiser Group and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. Finally, S&P Global set a GBX 7,500 ($101.71) price objective on shares of Reckitt Benckiser Group and gave the company a “neutral” rating in a research report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company. Reckitt Benckiser Group presently has a consensus rating of “Hold” and a consensus target price of GBX 7,664.55 ($103.94).

Reckitt Benckiser Group (LON RB) traded up GBX 14 ($0.19) during trading hours on Wednesday, hitting GBX 6,800 ($92.22). 854,576 shares of the stock traded hands, compared to its average volume of 1,260,000. Reckitt Benckiser Group has a one year low of GBX 6,299 ($85.42) and a one year high of GBX 8,110.43 ($109.99). The company has a market cap of $47,710.00 and a price-to-earnings ratio of 2,274.25.

In other news, insider Christopher Sinclair acquired 2,800 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was purchased at an average cost of GBX 6,597 ($89.46) per share, with a total value of £184,716 ($250,496.34). Also, insider Adrian Nevil Hennah acquired 2,285 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were purchased at an average cost of GBX 6,567 ($89.06) per share, with a total value of £150,055.95 ($203,493.29).

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Reckitt Benckiser Group Company Profile

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).

Analyst Recommendations for Reckitt Benckiser Group (LON:RB)

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