Reckitt Benckiser Group Plc (LON:RB)‘s stock had its “buy” rating reaffirmed by analysts at Deutsche Bank AG in a report released on Monday. They currently have a GBX 8,500 ($107.53) price target on the stock. Deutsche Bank AG’s price target points to a potential upside of 7.26% from the company’s current price.
A number of other research analysts also recently commented on the company. Jefferies Group LLC reiterated a “buy” rating and issued a GBX 8,000 ($101.20) price objective on shares of Reckitt Benckiser Group Plc in a report on Friday, April 28th. J P Morgan Chase & Co increased their price objective on Reckitt Benckiser Group Plc from GBX 6,750 ($85.39) to GBX 7,250 ($91.71) and gave the company a “neutral” rating in a report on Monday, May 8th. Barclays PLC dropped their price objective on Reckitt Benckiser Group Plc from GBX 7,230 ($91.46) to GBX 7,100 ($89.82) and set an “equal weight” rating on the stock in a report on Wednesday, April 26th. Kepler Capital Markets reiterated a “buy” rating and issued a GBX 8,100 ($102.47) price objective on shares of Reckitt Benckiser Group Plc in a report on Wednesday, March 22nd. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 8,500 ($107.53) price objective on shares of Reckitt Benckiser Group Plc in a report on Monday, May 15th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of GBX 8,086.82 ($102.30).
Shares of Reckitt Benckiser Group Plc (LON RB) opened at 7966.00 on Monday. 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 stock’s 50 day moving average price is GBX 7,630.61 and its 200-day moving average price is GBX 7,186.61. The stock’s market cap is GBX 55.77 billion.
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In other Reckitt Benckiser Group Plc news, insider Adrian Bellamy purchased 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 ($96.23) per share, with a total value of £42,142.78 ($53,311.55). Also, insider Rakesh Kapoor sold 58,094 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of GBX 7,150 ($90.45), for a total value of £4,153,721 ($5,254,549.02).
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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