Goldman Sachs Upgrades Reckitt Benckiser Group Plc to Buy (RB)
Reckitt Benckiser Group Plc (LON:RB) was upgraded by Goldman Sachs to a “buy” rating in a research note issued on Thursday, Stock Ratings Network reports. The firm currently has a GBX 5,600 ($91.88) price target on the stock, up from their previous price target of GBX 5,400 ($88.60). Goldman Sachs’ price target indicates a potential upside of 13.77% from the company’s current price.
Reckitt Benckiser Group Plc (LON:RB) traded up 0.65% during mid-day trading on Thursday, hitting GBX 4922.00. The stock had a trading volume of 868,580 shares. 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 4727.97 and a 200-day moving average of GBX 4643.97. The company’s market cap is £35.957 billion.
RB has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Reckitt Benckiser Group Plc in a research note on Tuesday. They now have a GBX 5,450 ($89.42) price target on the stock. Six equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 4,715.85 ($77.37).
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