Credit Suisse Group Boosts Reckitt Benckiser Group Plc (RB) Price Target to GBX 8,650
Reckitt Benckiser Group Plc (LON:RB) had its target price raised by equities researchers at Credit Suisse Group from GBX 7,800 ($99.21) to GBX 8,650 ($110.02) in a research report issued to clients and investors on Monday. The firm currently has an “outperform” rating on the stock. Credit Suisse Group’s target price would suggest a potential upside of 8.67% from the company’s previous close.
RB has been the topic of several other reports. Jefferies Group LLC reissued a “buy” rating and issued a GBX 8,000 ($101.76) target price on shares of Reckitt Benckiser Group Plc in a research report on Friday, April 28th. JPMorgan Chase & Co. lifted their target price on shares of Reckitt Benckiser Group Plc from GBX 7,250 ($92.22) to GBX 7,300 ($92.85) and gave the stock a “neutral” rating in a research report on Tuesday, June 20th. Liberum Capital reissued a “buy” rating and issued a GBX 7,650 ($97.30) target price on shares of Reckitt Benckiser Group Plc in a research report on Wednesday, March 29th. Berenberg Bank reissued a “buy” rating and issued a GBX 8,500 ($108.11) target price on shares of Reckitt Benckiser Group Plc in a research report on Wednesday, April 12th. Finally, BNP Paribas set a GBX 8,000 ($101.76) target price on shares of Reckitt Benckiser Group Plc and gave the stock a “buy” rating in a research report on Monday, April 24th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company. Reckitt Benckiser Group Plc presently has an average rating of “Buy” and a consensus target price of GBX 8,141.36 ($103.55).
Reckitt Benckiser Group Plc (LON RB) traded up 1.32% on Monday, reaching GBX 7960.00. 709,575 shares of the company traded hands. The company’s market capitalization is GBX 55.95 billion. The company has a 50-day moving average price of GBX 7,682.51 and a 200-day moving average price of GBX 7,220.23. Reckitt Benckiser Group Plc has a 12 month low of GBX 6,496.00 and a 12 month high of GBX 8,110.43.
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In other news, insider Adrian Bellamy acquired 554 shares of Reckitt Benckiser Group Plc stock in a transaction dated Friday, May 19th. The stock was acquired at an average cost of GBX 7,607 ($96.76) per share, for a total transaction of £42,142.78 ($53,603.13). Also, insider Rakesh Kapoor sold 58,094 shares of the business’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of GBX 7,150 ($90.94), for a total transaction of £4,153,721 ($5,283,287.97).
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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