Reckitt Benckiser Group Stock Rating Reaffirmed by Barclays (RB)
Reckitt Benckiser Group (LON:RB)‘s stock had its “equal weight” rating reiterated by equities research analysts at Barclays in a research note issued to investors on Monday, Analyst Ratings News reports. They currently have a GBX 4,400 ($70.54) price target on the stock. Barclays’ target price suggests a potential downside of 7.78% from the stock’s previous close.
Reckitt Benckiser Group (LON:RB) traded up 0.04% during mid-day trading on Monday, hitting GBX 4773.00. The stock had a trading volume of 349,609 shares. Reckitt Benckiser Group has a 1-year low of GBX 3702.00 and a 1-year high of GBX 4986.00. The stock has a 50-day moving average of GBX 4541.18 and a 200-day moving average of GBX 4616.02. The company’s market cap is £34.868 billion.
A number of other analysts have also recently weighed in on RB. Analysts at Canaccord Genuity reiterated a “sell” rating on shares of Reckitt Benckiser Group in a research note to investors on Monday. They now have a GBX 4,100 ($65.73) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Reckitt Benckiser Group in a research note to investors on Monday. They now have a GBX 5,450 ($87.37) price target on the stock. Six analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 4,606.47 ($73.85).
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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