Reckitt Benckiser Group Rating Increased to Outperform at Credit Suisse (RB)
Reckitt Benckiser Group (LON:RB) was upgraded by equities researchers at Credit Suisse to an “outperform” rating in a research report issued on Thursday, StockRatingsNetwork.com reports. The firm currently has a GBX 5,200 ($85.46) price objective on the stock, up from their previous price objective of GBX 4,650 ($76.42). Credit Suisse’s price target suggests a potential upside of 8.06% from the company’s current price.
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 Wednesday. They now have a GBX 4,100 ($67.38) price target 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. They now have a GBX 5,100 ($83.81) 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 ($89.56) price target on the stock. Six investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have assigned a buy rating to the stock. Reckitt Benckiser Group currently has a consensus rating of “Hold” and an average target price of GBX 4,708.16 ($77.37).
Reckitt Benckiser Group (LON:RB) traded up 3.33% during mid-day trading on Thursday, hitting GBX 4812.00. 2,027,675 shares of the company’s stock traded hands. Reckitt Benckiser Group has a 1-year low of GBX 4196.00 and a 1-year high of GBX 4986.00. The stock’s 50-day moving average is GBX 4705.52 and its 200-day moving average is GBX 4635.06. The company’s market cap is £35.153 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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