Reckitt Benckiser Group Plc Given “Hold” Rating at Societe Generale (RB)
Reckitt Benckiser Group Plc (LON:RB)‘s stock had its “hold” rating reaffirmed by equities research analysts at Societe Generale in a research note issued to investors on Thursday, ARN reports. They currently have a GBX 4,750 ($77.93) price objective on the stock. Societe Generale’s price target suggests a potential downside of 2.50% from the company’s current price.
Shares of Reckitt Benckiser Group Plc (LON:RB) opened at 4875.00 on Thursday. Reckitt Benckiser Group Plc has a 52-week low of GBX 4225.00 and a 52-week high of GBX 4986.00. The stock’s 50-day moving average is GBX 4719. and its 200-day moving average is GBX 4638.. The company’s market cap is £35.614 billion.
A number of other analysts have also recently weighed in on RB. Analysts at Barclays reiterated an “equal weight” rating on shares of Reckitt Benckiser Group Plc in a research note on Thursday. They now have a GBX 4,400 ($72.19) price target on the stock. Separately, 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). Finally, 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. Six analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 4,715.85 ($77.37).
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