Reckitt Benckiser Group (LON:RB) has been given a GBX 7,500 ($103.62) target price by research analysts at Berenberg Bank in a report issued on Tuesday, February 20th. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 32.77% from the company’s previous close.
A number of other brokerages also recently weighed in on RB. JPMorgan Chase & Co. raised shares of Reckitt Benckiser Group to an “overweight” rating and boosted their price target for the stock from GBX 6,900 ($95.33) to GBX 7,500 ($103.62) in a report on Wednesday, November 22nd. Investec reissued a “sell” rating and issued a GBX 6,400 ($88.42) price target on shares of Reckitt Benckiser Group in a report on Monday, January 29th. Liberum Capital lowered their price objective on Reckitt Benckiser Group from GBX 8,700 ($120.20) to GBX 8,000 ($110.53) and set a “buy” rating on the stock in a research note on Wednesday, October 25th. Deutsche Bank restated a “buy” rating and issued a GBX 8,250 ($113.98) price objective on shares of Reckitt Benckiser Group in a research note on Tuesday, January 23rd. Finally, Citigroup reiterated a “buy” rating and set a GBX 7,900 ($109.15) price target on shares of Reckitt Benckiser Group in a research report on Wednesday, February 7th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 7,190 ($99.34).
Reckitt Benckiser Group (LON:RB) traded down GBX 16 ($0.22) on Tuesday, reaching GBX 5,649 ($78.05). 1,502,807 shares of the company’s stock were exchanged, compared to its average volume of 1,700,000. The stock has a market cap of $39,820.00 and a P/E ratio of 2,054.18. Reckitt Benckiser Group has a 1 year low of GBX 5,608 ($77.48) and a 1 year high of GBX 8,110.43 ($112.05).
About Reckitt Benckiser Group
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).
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