Nomura Reiterates “Buy” Rating for Reckitt Benckiser Group Plc (RB)
Reckitt Benckiser Group Plc (LON:RB)‘s stock had its “buy” rating reiterated by research analysts at Nomura in a report released on Wednesday. They currently have a GBX 5,300 ($90.91) price target on the stock. Nomura’s target price points to a potential upside of 6.77% from the company’s current price.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of Reckitt Benckiser Group Plc in a research note on Friday, June 27th. They now have a GBX 5,200 ($89.19) price target on the stock. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 4,863.04 ($83.41).
Reckitt Benckiser Group Plc (LON:RB) traded down 1.12% during mid-day trading on Wednesday, hitting GBX 4964.00. 1,247,180 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 5280.00. The stock has a 50-day moving average of GBX 5116. and a 200-day moving average of GBX 4904.83. The company’s market cap is £35.731 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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