Reckitt Benckiser Group Plc (RB) Earns “Buy” Rating from Jefferies Group
Reckitt Benckiser Group Plc (LON:RB)‘s stock had its “buy” rating restated by stock analysts at Jefferies Group in a research report issued on Monday. They currently have a GBX 8,300 ($102.72) target price on the stock. Jefferies Group’s price target suggests a potential upside of 13.78% from the company’s previous close.
Several other equities research analysts have also recently commented on the company. Kepler Capital Markets boosted their price target on Reckitt Benckiser Group Plc from GBX 7,425 ($91.89) to GBX 8,500 ($105.20) and gave the company a “buy” rating in a research note on Tuesday, July 5th. Societe Generale reissued a ” buy” rating on shares of Reckitt Benckiser Group Plc in a research note on Monday, August 1st. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 7,100 ($87.87) price target on shares of Reckitt Benckiser Group Plc in a research note on Monday, September 19th. Citigroup Inc. set a GBX 8,650 ($107.05) price target on Reckitt Benckiser Group Plc and gave the company a “buy” rating in a research note on Wednesday, August 31st. Finally, HSBC reissued a “buy” rating and issued a GBX 8,100 ($100.25) price target on shares of Reckitt Benckiser Group Plc in a research note on Thursday, June 30th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 7,637 ($94.52).
Shares of Reckitt Benckiser Group Plc (LON:RB) traded up 0.34% during mid-day trading on Monday, hitting GBX 7295.00. 763,916 shares of the company were exchanged. The stock’s 50-day moving average price is GBX 7,287.75 and its 200 day moving average price is GBX 7,102.54. The stock’s market cap is GBX 51.44 billion. Reckitt Benckiser Group Plc has a 12-month low of GBX 5,839.08 and a 12-month high of GBX 7,786.00.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/10/reckitt-benckiser-group-plc-rb-earns-buy-rating-from-jefferies-group.html
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).
Receive News & Ratings for Reckitt Benckiser Group Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reckitt Benckiser Group Plc and related companies with MarketBeat.com's FREE daily email newsletter.