BNP Paribas Increases Reckitt Benckiser Group Plc (RB) Price Target to GBX 8,200
Reckitt Benckiser Group Plc (LON:RB) had its price objective boosted by research analysts at BNP Paribas from GBX 7,800 ($96.53) to GBX 8,200 ($101.49) in a note issued to investors on Friday. The firm presently has an “outperform” rating on the stock. BNP Paribas’ target price indicates a potential upside of 11.82% from the stock’s previous close.
Several other brokerages have also recently issued reports on RB. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Reckitt Benckiser Group Plc in a research report on Tuesday, July 12th. Liberum Capital reiterated a “buy” rating and set a GBX 8,400 ($103.96) price objective on shares of Reckitt Benckiser Group Plc in a report on Monday, July 11th. Barclays PLC upgraded Reckitt Benckiser Group Plc to an “equal weight” rating and increased their price objective for the company from GBX 5,900 ($73.02) to GBX 7,100 ($87.87) in a report on Friday, July 8th. Credit Suisse Group AG increased their price objective on Reckitt Benckiser Group Plc from GBX 7,600 ($94.06) to GBX 7,900 ($97.77) and gave the company an “outperform” rating in a report on Monday, July 4th. Finally, Kepler Capital Markets increased their price objective 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 report on Tuesday, July 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the stock. Reckitt Benckiser Group Plc currently has an average rating of “Hold” and a consensus target price of GBX 7,655.75 ($94.75).
Shares of Reckitt Benckiser Group Plc (LON:RB) opened at 7451.00 on Friday. 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 company’s market cap is GBX 52.54 billion. The firm’s 50-day moving average price is GBX 7,284.06 and its 200 day moving average price is GBX 7,108.52.
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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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