Reckitt Benckiser Group Plc Rating Reiterated by Canaccord Genuity (RB)
Reckitt Benckiser Group Plc (LON:RB)‘s stock had its “sell” rating reiterated by equities researchers at Canaccord Genuity in a research report issued on Thursday, AnalystRatingsNetwork.com reports. They currently have a GBX 4,100 ($67.27) target price on the stock. Canaccord Genuity’s price target points to a potential downside of 16.16% from the company’s current price.
Shares of Reckitt Benckiser Group Plc (LON:RB) traded up 0.72% on Thursday, hitting GBX 4890.00. 1,069,604 shares of the company’s stock traded hands. Reckitt Benckiser Group Plc has a 1-year low of GBX 4225.00 and a 1-year high of GBX 4986.00. The stock’s 50-day moving average is GBX 4724. and its 200-day moving average is GBX 4642.. The company’s market cap is £35.723 billion.
A number of other firms have also recently commented on RB. Analysts at Societe Generale reiterated a “hold” rating on shares of Reckitt Benckiser Group Plc in a research note on Thursday. They now have a GBX 4,750 ($77.93) price target on the stock. Separately, 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. Finally, 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). Six research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 4,715.85 ($77.37).
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