Bank of America Corp. Reiterates “Buy” Rating for Reckitt Benckiser Group (RB)
Reckitt Benckiser Group (LON:RB)‘s stock had its “buy” rating reiterated by research analysts at Bank of America Corp. in a report released on Monday, AmericanBankingNews.com reports. They currently have a GBX 5,250 ($83.81) price target on the stock. Bank of America Corp.’s price target would suggest a potential upside of 20.86% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Commerzbank Corporates & Markets reiterated a “hold” rating on shares of Reckitt Benckiser Group in a research note to investors on Monday. They now have a GBX 4,500 ($71.84) price target on the stock. Separately, analysts at Nomura reiterated a “buy” rating on shares of Reckitt Benckiser Group in a research note to investors on Friday. They now have a GBX 4,800 ($76.63) price target on the stock. Finally, analysts at Citigroup Inc. cut their price target on shares of Reckitt Benckiser Group from GBX 5,100 ($81.42) to GBX 5,000 ($79.82) in a research note to investors on Friday. They now have a “buy” rating on the stock. Eight equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 4,620.51 ($73.76).
Reckitt Benckiser Group (LON:RB) traded down 0.11% during mid-day trading on Monday, hitting GBX 4344.00. The stock had a trading volume of 689,206 shares. Reckitt Benckiser Group has a one year low of GBX 3591.9998 and a one year high of GBX 4986.00. The stock has a 50-day moving average of GBX 4508.81 and a 200-day moving average of GBX 4644.. The company’s market cap is £31.734 billion.
Reckitt Benckiser Group Plc is manufacturer and marketer of branded products in household, health and personal care, selling a range through over 60 operating companies into nearly 200 countries.
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