Independent Research GmbH Reiterates GBX 8,500 Price Target for Reckitt Benckiser Group Plc (LON:RB)
Reckitt Benckiser Group Plc (LON:RB) has been assigned a GBX 8,500 ($111.00) price objective by research analysts at Independent Research GmbH in a report released on Thursday. The firm currently has a “neutral” rating on the stock. Independent Research GmbH’s target price indicates a potential upside of 6.88% from the company’s current price.
A number of other research analysts have also weighed in on RB. Jefferies Group LLC reaffirmed a “buy” rating and issued a GBX 8,000 ($104.47) price target on shares of Reckitt Benckiser Group Plc in a research note on Friday, April 28th. J P Morgan Chase & Co lifted their price target on shares of Reckitt Benckiser Group Plc from GBX 6,750 ($88.14) to GBX 7,250 ($94.67) and gave the company a “neutral” rating in a research note on Monday, May 8th. Societe Generale set a GBX 8,900 ($116.22) price target on shares of Reckitt Benckiser Group Plc and gave the company a “neutral” rating in a research note on Thursday, June 22nd. Citigroup Inc. reaffirmed a “buy” rating and issued a GBX 9,100 ($118.83) price target on shares of Reckitt Benckiser Group Plc in a research note on Tuesday, June 6th. Finally, Barclays PLC cut their price target on shares of Reckitt Benckiser Group Plc from GBX 7,230 ($94.41) to GBX 7,100 ($92.71) and set an “equal weight” rating on the stock in a research note on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of GBX 8,194.40 ($107.00).
Reckitt Benckiser Group Plc (LON:RB) traded up 0.20% during midday trading on Thursday, reaching GBX 7953.00. 951,730 shares of the company’s stock were exchanged. Reckitt Benckiser Group Plc has a 1-year low of GBX 6,496.00 and a 1-year high of GBX 8,110.43. The firm’s 50-day moving average is GBX 7,847.92 and its 200 day moving average is GBX 7,374.84. The stock’s market cap is GBX 55.68 billion.
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In related news, insider Adrian Bellamy acquired 554 shares of the firm’s stock in a transaction on Friday, May 19th. The shares were purchased at an average cost of GBX 7,607 ($99.33) per share, for a total transaction of £42,142.78 ($55,031.05). Also, insider Rakesh Kapoor sold 58,094 shares of the company’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of GBX 7,150 ($93.37), for a total transaction of £4,153,721 ($5,424,028.47).
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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