Reckitt Benckiser Group Plc Earns Sell Rating from Canaccord Genuity (RB)
Reckitt Benckiser Group Plc (LON:RB)‘s stock had its “sell” rating reiterated by stock analysts at Canaccord Genuity in a research report issued to clients and investors on Wednesday. They currently have a GBX 4,500 ($74.68) target price on the stock. Canaccord Genuity’s price objective indicates a potential downside of 15.81% from the company’s current price.
RB has been the subject of a number of other recent research reports. Analysts at AlphaValue reiterated a “sell” rating on shares of Reckitt Benckiser Group Plc in a research note on Tuesday. They now have a GBX 4,467 ($74.13) price target on the stock. Separately, analysts at RBC Capital reiterated a “sector performer” rating on shares of Reckitt Benckiser Group Plc in a research note on Wednesday, August 27th. They now have a GBX 5,200 ($86.29) price target on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Reckitt Benckiser Group Plc in a research note on Tuesday, August 26th. They now have a GBX 5,000 ($82.97) price target on the stock. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 4,956.29 ($82.25).
Reckitt Benckiser Group Plc (LON:RB) opened at 5410.00 on Wednesday. Reckitt Benckiser Group Plc has a 52-week low of GBX 4225.00 and a 52-week high of GBX 5350.00. The stock has a 50-day moving average of GBX 5170.95 and a 200-day moving average of GBX 5022.83. The company’s market cap is £39.119 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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