Reckitt Benckiser Group Plc Stock Rating Upgraded by Goldman Sachs (RB)
Reckitt Benckiser Group Plc (LON:RB) was upgraded by equities researchers at Goldman Sachs to a “buy” rating in a research report issued on Thursday, American Banking News.com reports. The firm currently has a GBX 5,600 ($91.88) price objective on the stock, up from their previous price objective of GBX 5,400 ($88.60). Goldman Sachs’ target price suggests a potential upside of 13.77% from the stock’s previous close.
Reckitt Benckiser Group Plc (LON:RB) traded up 0.78% during mid-day trading on Thursday, hitting GBX 4928.00. The stock had a trading volume of 540,474 shares. Reckitt Benckiser Group Plc has a one year low of GBX 4225.00 and a one year high of GBX 4986.00. The stock’s 50-day moving average is GBX 4722.58 and its 200-day moving average is GBX 4642.. The company’s market cap is £36.001 billion.
A number of other firms have also recently commented on RB. 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 analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 4,715.85 ($77.37).
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