Reckitt Benckiser Group Plc (RB) Stock Rating Reaffirmed by Citigroup Inc

Reckitt Benckiser Group Plc (LON:RB)‘s stock had its “buy” rating reissued by analysts at Citigroup Inc in a note issued to investors on Tuesday. They currently have a GBX 9,100 ($117.59) target price on the stock. Citigroup Inc’s target price would suggest a potential upside of 13.94% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 7,250 ($93.68) price target on shares of Reckitt Benckiser Group Plc in a research report on Monday. BNP Paribas boosted their price target on shares of Reckitt Benckiser Group Plc from GBX 7,900 ($102.08) to GBX 8,300 ($107.25) and gave the stock an “outperform” rating in a research report on Wednesday, March 22nd. Kepler Capital Markets reiterated a “buy” rating and issued a GBX 8,100 ($104.66) price target on shares of Reckitt Benckiser Group Plc in a research report on Wednesday, March 22nd. Liberum Capital reiterated a “buy” rating and issued a GBX 7,650 ($98.85) price target on shares of Reckitt Benckiser Group Plc in a research report on Thursday, March 23rd. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 8,500 ($109.83) price target on shares of Reckitt Benckiser Group Plc in a research report on Wednesday, April 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company’s stock. Reckitt Benckiser Group Plc has a consensus rating of “Buy” and an average target price of GBX 7,995.91 ($103.32).

Analyst Recommendations for Reckitt Benckiser Group Plc (LON:RB)

Shares of Reckitt Benckiser Group Plc (LON:RB) opened at 8060.00 on Tuesday. The company has a 50-day moving average of GBX 7,478.60 and a 200-day moving average of GBX 7,122.08. The firm’s market capitalization is GBX 56.43 billion. Reckitt Benckiser Group Plc has a 52 week low of GBX 6,496.00 and a 52 week high of GBX 8,083.00.

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In other Reckitt Benckiser Group Plc news, insider Rakesh Kapoor sold 58,094 shares of Reckitt Benckiser Group Plc stock in a transaction dated Friday, May 5th. The stock was sold at an average price of GBX 7,150 ($92.39), for a total transaction of £4,153,721 ($5,367,258.04). Also, insider Adrian Bellamy bought 554 shares of the stock in a transaction on Friday, May 19th. The shares were acquired at an average cost of GBX 7,607 ($98.29) per share, for a total transaction of £42,142.78 ($54,455.07).

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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