Societe Generale Analysts Give Reckitt Benckiser Group Plc (RB) a GBX 8,300 Price Target
Reckitt Benckiser Group Plc (LON:RB) has been given a GBX 8,300 ($108.13) price objective by research analysts at Societe Generale in a research report issued on Tuesday. The firm presently has a “neutral” rating on the stock. Societe Generale’s price objective indicates a potential upside of 8.88% from the stock’s previous close.
Several other brokerages also recently issued reports on RB. Jefferies Group LLC cut their target price on shares of Reckitt Benckiser Group Plc from GBX 8,000 ($104.22) to GBX 7,750 ($100.96) and set a “buy” rating on the stock in a research note on Wednesday, May 3rd. Liberum Capital reaffirmed a “buy” rating and issued a GBX 8,150 ($106.18) price target on shares of Reckitt Benckiser Group Plc in a research note on Wednesday, July 19th. Shore Capital reaffirmed a “hold” rating on shares of Reckitt Benckiser Group Plc in a research note on Monday, April 3rd. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 6,750 ($87.94) price target on shares of Reckitt Benckiser Group Plc in a research note on Monday, April 24th. Finally, Kepler Capital Markets reaffirmed a “buy” rating and issued a GBX 8,100 ($105.52) price target on shares of Reckitt Benckiser Group Plc in a research note on Tuesday, July 18th. Two equities research analysts have 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 a consensus rating of “Hold” and a consensus target price of GBX 8,162.88 ($106.34).
Shares of Reckitt Benckiser Group Plc (RB) opened at 7592.00 on Tuesday. The stock has a 50 day moving average price of GBX 7,846.38 and a 200-day moving average price of GBX 7,397.14. Reckitt Benckiser Group Plc has a 12 month low of GBX 6,496.00 and a 12 month high of GBX 8,110.43. The stock’s market cap is GBX 53.15 billion.
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In related news, insider Adrian Bellamy bought 554 shares of Reckitt Benckiser Group Plc stock in a transaction that occurred on Friday, May 19th. The stock was acquired at an average price of GBX 7,607 ($99.10) per share, for a total transaction of £42,142.78 ($54,902.01). Also, insider Rakesh Kapoor sold 58,094 shares of the stock in a transaction dated Friday, May 5th. The shares were sold at an average price of GBX 7,150 ($93.15), for a total transaction of £4,153,721 ($5,411,309.28).
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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