Reckitt Benckiser Group Plc (LON:RB) Lifted to “Hold” at Beaufort Securities
Reckitt Benckiser Group Plc (LON:RB) was upgraded by stock analysts at Beaufort Securities to a “hold” rating in a research note issued on Thursday. The firm currently has a GBX 8,000 ($104.47) price objective on the stock. Beaufort Securities’ price objective suggests a potential upside of 1.51% from the stock’s current price.
Several other research analysts have also recently issued reports on the stock. Jefferies Group LLC reiterated a “buy” rating and set a GBX 8,000 ($104.47) target price on shares of Reckitt Benckiser Group Plc in a report on Friday, April 28th. J P Morgan Chase & Co increased their target price on shares of Reckitt Benckiser Group Plc from GBX 6,750 ($88.14) to GBX 7,250 ($94.67) and gave the stock a “neutral” rating in a report on Monday, May 8th. Societe Generale set a GBX 8,900 ($116.22) target price on shares of Reckitt Benckiser Group Plc and gave the stock a “neutral” rating in a report on Thursday, June 22nd. Citigroup Inc. reiterated a “buy” rating and set a GBX 9,100 ($118.83) target price on shares of Reckitt Benckiser Group Plc in a report on Tuesday, June 6th. Finally, Barclays PLC dropped their target price 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 report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have given a buy rating to the company. Reckitt Benckiser Group Plc presently has an average rating of “Hold” and an average target price of GBX 8,194.40 ($107.00).
Shares of Reckitt Benckiser Group Plc (LON:RB) traded down 0.91% on Thursday, reaching GBX 7881.00. 914,664 shares of the company were exchanged. The company’s 50-day moving average is GBX 7,846.38 and its 200-day moving average is GBX 7,378.38. Reckitt Benckiser Group Plc has a 52 week low of GBX 6,496.00 and a 52 week high of GBX 8,110.43. The company’s market capitalization is GBX 55.17 billion.
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In related news, insider Rakesh Kapoor sold 58,094 shares of the stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of GBX 7,150 ($93.37), for a total value of £4,153,721 ($5,424,028.47). Also, insider Adrian Bellamy purchased 554 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was acquired at an average price of GBX 7,607 ($99.33) per share, for a total transaction of £42,142.78 ($55,031.05).
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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