JPMorgan Chase & Co. Reiterates Neutral Rating for Reckitt Benckiser Group PLC (RBGLY)
Reckitt Benckiser Group PLC (OTCMKTS:RBGLY)‘s stock had its “neutral” rating reaffirmed by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Thursday.
RBGLY has been the subject of several other research reports. Macquarie initiated coverage on Reckitt Benckiser Group PLC in a research report on Thursday, June 30th. They set an “outperform” rating for the company. Zacks Investment Research upgraded Reckitt Benckiser Group PLC from a “hold” rating to a “strong-buy” rating and set a $23.00 target price for the company in a research report on Wednesday, August 10th. Credit Suisse Group AG cut their target price on Reckitt Benckiser Group PLC from $6,500.00 to $6,100.00 and set an “outperform” rating for the company in a research report on Thursday, August 25th. Citigroup Inc. initiated coverage on Reckitt Benckiser Group PLC in a research report on Thursday, September 1st. They set a “buy” rating for the company. Finally, BNP Paribas cut Reckitt Benckiser Group PLC from an “outperform” rating to a “neutral” rating in a research report on Wednesday, September 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Reckitt Benckiser Group PLC currently has an average rating of “Buy” and an average target price of $4,155.75.
Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) opened at 18.99 on Thursday. Reckitt Benckiser Group PLC has a 52 week low of $17.03 and a 52 week high of $20.70. The firm has a 50-day moving average price of $19.66 and a 200-day moving average price of $19.73. The stock has a market capitalization of $66.95 billion, a PE ratio of 32.84 and a beta of 0.89.
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Reckitt Benckiser Group PLC Company Profile
Reckitt Benckiser Group plc is a manufacturer and marketer of health, hygiene and home products. The Company’s segments include ENA, DvM and Food. The ENA segment consists of Europe, Russia/Commonwealth of Independent States (CIS), Israel, North America, Australia and New Zealand. The DvM segment consists of North Africa, Middle East (excluding Israel) and Turkey, Africa, South Asia, North Asia, Latin America, Japan, Korea and the Association of Southeast Asian Nations (ASEAN).
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