BNP Paribas Raises Reckitt Benckiser Group Plc (RB) Price Target to GBX 8,200
Reckitt Benckiser Group Plc (LON:RB) had its price objective upped by research analysts at BNP Paribas from GBX 7,800 ($96.53) to GBX 8,200 ($101.49) in a research report issued to clients and investors on Friday. The brokerage currently has an “outperform” rating on the stock. BNP Paribas’ price objective would suggest a potential upside of 11.82% from the company’s previous close.
Other equities analysts have also recently issued reports about the stock. Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 7,720 ($95.54) price objective on shares of Reckitt Benckiser Group Plc in a research note on Thursday, August 4th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Reckitt Benckiser Group Plc in a research note on Tuesday, July 12th. Commerzbank AG set a GBX 8,500 ($105.20) price objective on shares of Reckitt Benckiser Group Plc and gave the company a “buy” rating in a research note on Thursday, July 21st. Kepler Capital Markets reduced their price objective on shares of Reckitt Benckiser Group Plc from GBX 7,500 ($92.82) to GBX 7,425 ($91.89) and set a “buy” rating on the stock in a research note on Wednesday, June 29th. Finally, Goldman Sachs Group Inc. set a GBX 7,170 ($88.74) price objective on shares of Reckitt Benckiser Group Plc and gave the company a “neutral” rating in a research note on Monday, August 1st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 7,655.75 ($94.75).
Reckitt Benckiser Group Plc (LON:RB) opened at 7457.00 on Friday. The stock has a 50 day moving average of GBX 7,284.06 and a 200-day moving average of GBX 7,108.52. Reckitt Benckiser Group Plc has a 1-year low of GBX 5,839.08 and a 1-year high of GBX 7,786.00. The firm’s market capitalization is GBX 52.58 billion.
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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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