Reckitt Benckiser Group Plc Receives “Buy” Rating from Deutsche Bank (RB)
Reckitt Benckiser Group Plc (LON:RB)‘s stock had its “buy” rating reiterated by analysts at Deutsche Bank in a research report issued to clients and investors on Monday. They currently have a GBX 6,000 ($101.88) price objective on the stock. Deutsche Bank’s target price would suggest a potential upside of 15.27% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated a “sector performer” rating on shares of Reckitt Benckiser Group Plc in a research note on Monday. They now have a GBX 5,200 ($88.30) price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Reckitt Benckiser Group Plc from GBX 4,100 ($69.62) to GBX 4,500 ($76.41) in a research note on Monday. They now have a “sell” rating on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of Reckitt Benckiser Group Plc in a research note on Monday. Five research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the company’s stock. Reckitt Benckiser Group Plc currently has an average rating of “Hold” and an average target price of GBX 4,920.45 ($83.55).
Shares of Reckitt Benckiser Group Plc (LON:RB) traded up 2.66% 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 has a 50-day moving average of GBX 5110.10 and a 200-day moving average of GBX 4930.89. The company’s market cap is £37.466 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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