Reckitt Benckiser Group Plc Receives Neutral Rating from JPMorgan Chase & Co. (RB)
Reckitt Benckiser Group Plc (LON:RB)‘s stock had its “neutral” rating reaffirmed by JPMorgan Chase & Co. in a research note issued on Friday, American Banking News.com reports. They currently have a GBX 4,450 ($73.01) target price on the stock. JPMorgan Chase & Co.’s target price would indicate a potential downside of 9.59% from the stock’s previous close.
Shares of Reckitt Benckiser Group Plc (LON:RB) traded up 0.99% during mid-day trading on Friday, hitting GBX 4875.00. 1,543,729 shares of the company’s stock traded hands. Reckitt Benckiser Group Plc has a one year low of GBX 4225.00 and a one year high of GBX 4986.00. The stock has a 50-day moving average of GBX 4719. and a 200-day moving average of 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 Canaccord Genuity reiterated a “sell” rating on shares of Reckitt Benckiser Group Plc in a research note on Thursday. They now have a GBX 4,100 ($67.27) price target on the stock. Separately, 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. Finally, 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. Six investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Reckitt Benckiser Group Plc presently has a consensus rating of “Hold” and a consensus target price of GBX 4,715.85 ($77.37).
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