Sanford C. Bernstein Reiterates “outperform” Rating for Reckitt Benckiser Group (RB)
Reckitt Benckiser Group (LON:RB)‘s stock had its “outperform” rating reaffirmed by investment analysts at Sanford C. Bernstein in a note issued to investors on Monday, AmericanBankingNews.com reports. They currently have a GBX 5,450 ($89.56) price objective on the stock. Sanford C. Bernstein’s target price indicates a potential upside of 19.44% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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 given a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 4,687.01 ($77.03).
Reckitt Benckiser Group (LON:RB) opened at 4705.00 on Monday. Reckitt Benckiser Group has a 52-week low of GBX 4168.00 and a 52-week high of GBX 4986.00. The stock’s 50-day moving average is GBX 4696.85 and its 200-day moving average is GBX 4636.08. The company’s market cap is £34.372 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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