Reckitt Benckiser Group Plc’s “Buy” Rating Reaffirmed at Deutsche Bank (RB)
Reckitt Benckiser Group Plc (LON:RB)‘s stock had its “buy” rating reiterated by stock analysts at Deutsche Bank in a report issued on Wednesday. They currently have a GBX 6,000 ($102.92) price objective on the stock. Deutsche Bank’s price objective would indicate a potential upside of 19.52% from the stock’s previous close.
RB has been the subject of a number of other recent research reports. Analysts at Nomura reiterated a “buy” rating on shares of Reckitt Benckiser Group Plc in a research note on Wednesday. They now have a GBX 5,300 ($90.91) price target on the stock. Separately, analysts at Commerzbank AG reiterated a “hold” rating on shares of Reckitt Benckiser Group Plc in a research note on Tuesday. They now have a GBX 4,700 ($80.62) 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 Monday, June 30th. They now have a GBX 5,450 ($93.48) price target on the stock. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 4,863.04 ($83.41).
Reckitt Benckiser Group Plc (LON:RB) traded down 0.50% on Wednesday, hitting GBX 5020.00. 813,683 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 5280.00. The stock has a 50-day moving average of GBX 5121.79 and a 200-day moving average of GBX 4901.97. The company’s market cap is £36.134 billion.
Reckitt Benckiser Group Plc is manufacturer and marketer of branded products in household, health and personal care, selling a range through over 60 operating companies into nearly 200 countries.
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