Reckitt Benckiser Group Plc Receives “Sell” Rating from Canaccord Genuity (RB)
Reckitt Benckiser Group Plc (LON:RB)‘s stock had its “sell” rating reaffirmed by equities research analysts at Canaccord Genuity in a research note issued to investors on Thursday, AnalystRatings.NET reports. They currently have a GBX 4,100 ($67.27) price objective on the stock. Canaccord Genuity’s target price would indicate a potential downside of 16.16% from the stock’s previous close.
RB has been the subject of a number of other recent research reports. 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 analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 4,715.85 ($77.37).
Reckitt Benckiser Group Plc (LON:RB) traded up 0.72% during mid-day trading on Thursday, hitting GBX 4890.00. 1,069,604 shares of the company’s stock traded hands. Reckitt Benckiser Group Plc has a 52 week low of GBX 4225.00 and a 52 week high of GBX 4986.00. The stock has a 50-day moving average of GBX 4724. and a 200-day moving average of GBX 4642.. The company’s market cap is £35.723 billion.
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