Sanford C. Bernstein Reiterates “outperform” Rating for Reckitt Benckiser Group (RB)
Reckitt Benckiser Group (LON:RB)‘s stock had its “outperform” rating reaffirmed by stock analysts at Sanford C. Bernstein in a report issued on Monday, AR Network reports. They currently have a GBX 5,450 ($89.56) price target on the stock. Sanford C. Bernstein’s target price suggests a potential upside of 19.44% from the stock’s previous close.
Shares of Reckitt Benckiser Group (LON:RB) traded up 2.81% on Monday, hitting GBX 4691.00. 1,016,788 shares of the company’s stock traded hands. Reckitt Benckiser Group has a 1-year low of GBX 4168.00 and a 1-year high of GBX 4986.00. The stock has a 50-day moving average of GBX 4696.85 and a 200-day moving average of GBX 4636.08. The company’s market cap is £34.269 billion.
RB has been the subject of a number of other recent research reports. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Reckitt Benckiser Group in a research note to investors on Tuesday, January 28th. They now have a GBX 4,650 ($76.42) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Reckitt Benckiser Group in a research note to investors on Monday, January 27th. They now have a GBX 4,450 ($73.13) price target on the stock. Finally, analysts at Liberum Capital reiterated a “sell” rating on shares of Reckitt Benckiser Group in a research note to investors on Friday, January 24th. They now have a GBX 3,500 ($57.52) price target on the stock. Six investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 4,687.01 ($77.03).
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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