Reckitt Benckiser Group Plc Given “Equal weight” Rating at Barclays (RB)
Reckitt Benckiser Group Plc (LON:RB)‘s stock had its “equal weight” rating restated by stock analysts at Barclays in a report issued on Thursday, American Banking News reports. They currently have a GBX 4,400 ($72.19) price target on the stock. Barclays’ target price indicates a potential downside of 10.02% from the company’s current price.
Shares of Reckitt Benckiser Group Plc (LON:RB) traded up 0.72% on Thursday, hitting GBX 4890.00. The stock had a trading volume of 1,069,604 shares. Reckitt Benckiser Group Plc has a 52 week low of GBX 3235.75 and a 52 week high of GBX 4986.00. The stock’s 50-day moving average is GBX 4722.58 and its 200-day moving average is GBX 4642.. The company’s market cap is £35.723 billion.
RB has been the subject of a number of other recent research reports. Analysts at Goldman Sachs upgraded shares of Reckitt Benckiser Group Plc to a “buy” rating in a research note on Thursday. They now have a GBX 5,600 ($91.88) price target on the stock, up previously from GBX 5,400 ($88.60). Separately, analysts at RBC Capital reiterated a “sector performer” rating on shares of Reckitt Benckiser Group Plc in a research note on Wednesday. They now have a GBX 5,200 ($85.32) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Reckitt Benckiser Group Plc in a research note on Wednesday. They now have a GBX 5,100 ($83.68) price target on the stock. Six research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 4,715.85 ($77.37).
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