Investec Reiterates Sell Rating for Reckitt Benckiser Group (RB)
Reckitt Benckiser Group (LON:RB)‘s stock had its “sell” rating restated by equities research analysts at Investec in a research note issued to investors on Monday, StockRatingsNetwork reports. They currently have a GBX 4,425 ($71.56) target price on the stock. Investec’s target price would indicate a potential downside of 1.67% from the company’s current price.
A number of other analysts have also recently weighed in on RB. Analysts at Espirito Santo Investment Bank Research cut their price target on shares of Reckitt Benckiser Group from GBX 4,160 ($67.27) to GBX 3,890 ($62.90) in a research note to investors on Tuesday, October 15th. They now have a “sell” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Reckitt Benckiser Group in a research note to investors on Tuesday, October 15th. They now have a GBX 5,100 ($82.47) price target on the stock. Finally, analysts at Societe Generale cut their price target on shares of Reckitt Benckiser Group from GBX 4,300 ($69.53) to GBX 4,000 ($64.68) in a research note to investors on Tuesday, October 15th. They now have a “sell” rating on the stock. Eight investment 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 company presently has an average rating of “Hold” and a consensus target price of GBX 4,594.64 ($74.30).
Reckitt Benckiser Group (LON:RB) traded down 0.04% during mid-day trading on Monday, hitting GBX 4500.00. The stock had a trading volume of 1,306,931 shares. Reckitt Benckiser Group has a 52-week low of GBX 3613.00 and a 52-week high of GBX 4986.00. The stock’s 50-day moving average is GBX 4435.04 and its 200-day moving average is GBX 4608.. The company’s market cap is £32.874 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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