Liberum Capital Reaffirms “Buy” Rating for Reckitt Benckiser Group Plc (RB)
Reckitt Benckiser Group Plc (LON:RB)‘s stock had its “buy” rating reiterated by analysts at Liberum Capital in a note issued to investors on Monday. They presently have a GBX 8,400 ($109.65) price objective on the stock. Liberum Capital’s price target would suggest a potential upside of 15.54% from the company’s previous close.
A number of other research analysts also recently issued reports on the company. Jefferies Group reissued a “buy” rating and issued a GBX 8,300 ($108.34) price target on shares of Reckitt Benckiser Group Plc in a report on Monday. Goldman Sachs Group Inc. set a GBX 7,200 ($93.98) price target on Reckitt Benckiser Group Plc and gave the company a “neutral” rating in a report on Friday. Barclays PLC reissued an “equal weight” rating and issued a GBX 7,200 ($93.98) price target on shares of Reckitt Benckiser Group Plc in a report on Friday. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Reckitt Benckiser Group Plc in a report on Tuesday, October 4th. Finally, Societe Generale reissued a “buy” rating on shares of Reckitt Benckiser Group Plc in a report on Friday, September 9th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have issued a buy rating to the company’s stock. Reckitt Benckiser Group Plc presently has a consensus rating of “Hold” and a consensus price target of GBX 7,637 ($99.69).
Reckitt Benckiser Group Plc (LON:RB) opened at 7267.00 on Monday. Reckitt Benckiser Group Plc has a 12-month low of GBX 5,839.08 and a 12-month high of GBX 7,786.00. The stock’s market capitalization is GBX 51.24 billion. The company has a 50 day moving average of GBX 7,294.78 and a 200-day moving average of GBX 7,092.07.
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About Reckitt Benckiser Group Plc
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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