Reckitt Benckiser Group Plc Given New GBX 4,500 Price Target at Canaccord Genuity (RB)
Canaccord Genuity boosted their target price on shares of Reckitt Benckiser Group Plc (LON:RB) from GBX 4,100 ($69.62) to GBX 4,500 ($76.41) in a research note issued on Monday. The firm currently has a “sell” rating on the stock. Canaccord Genuity’s price objective suggests a potential downside of 13.54% from the stock’s previous close.
Reckitt Benckiser Group Plc (LON:RB) traded up 2.66% during mid-day trading on Monday, hitting GBX 5205.00. 1,370,921 shares of the company’s stock traded hands. Reckitt Benckiser Group Plc has a 52-week low of GBX 3235.75 and a 52-week high of GBX 5280.00. The stock’s 50-day moving average is GBX 5110.10 and its 200-day moving average is GBX 4930.89. The company’s market cap is £37.466 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura reiterated a “buy” rating on shares of Reckitt Benckiser Group Plc in a research note on Monday. Separately, analysts at Societe Generale reiterated a “hold” rating on shares of Reckitt Benckiser Group Plc in a research note on Friday. They now have a GBX 4,750 ($80.66) price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Reckitt Benckiser Group Plc from GBX 4,500 ($76.41) to GBX 5,000 ($84.90) in a research note on Friday. They now have a “hold” rating on the stock. Five research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 4,920.45 ($83.55).
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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