Kepler Capital Markets Analysts Give Reckitt Benckiser Group Plc (RB) a GBX 7,800 Price Target
Reckitt Benckiser Group Plc (LON:RB) received a GBX 7,800 ($101.62) target price from equities research analysts at Kepler Capital Markets in a report issued on Wednesday. The brokerage currently has a “neutral” rating on the stock. Kepler Capital Markets’ target price suggests a potential upside of 3.54% from the stock’s previous close.
Several other equities research analysts have also recently commented on the company. Jefferies Group LLC restated a “buy” rating and issued a GBX 8,000 ($104.22) target price on shares of Reckitt Benckiser Group Plc in a research note on Friday, April 28th. J P Morgan Chase & Co boosted their target price on Reckitt Benckiser Group Plc from GBX 6,750 ($87.94) to GBX 7,250 ($94.45) and gave the company a “neutral” rating in a research note on Monday, May 8th. Societe Generale set a GBX 8,900 ($115.95) target price on Reckitt Benckiser Group Plc and gave the company a “neutral” rating in a research note on Thursday, June 22nd. Citigroup Inc. restated a “buy” rating and issued a GBX 9,100 ($118.55) target price on shares of Reckitt Benckiser Group Plc in a research note on Tuesday, June 6th. Finally, Barclays PLC dropped their price objective on Reckitt Benckiser Group Plc from GBX 7,230 ($94.19) to GBX 7,100 ($92.50) and set an “equal weight” rating on the stock in a research note on Wednesday, April 26th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 8,147.50 ($106.14).
Reckitt Benckiser Group Plc (LON RB) traded up 0.27% during mid-day trading on Wednesday, hitting GBX 7553.00. 629,845 shares of the stock were exchanged. The stock’s market capitalization is GBX 52.88 billion. 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 firm has a 50-day moving average price of GBX 7,846.38 and a 200-day moving average price of GBX 7,397.14.
TRADEMARK VIOLATION NOTICE: This piece of content was posted by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of international copyright legislation. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/07/26/kepler-capital-markets-analysts-give-reckitt-benckiser-group-plc-rb-a-gbx-7800-price-target.html.
In other Reckitt Benckiser Group Plc news, insider Rakesh Kapoor sold 58,094 shares of the company’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of GBX 7,150 ($93.15), for a total transaction of £4,153,721 ($5,411,309.28). Also, insider Adrian Bellamy purchased 554 shares of the stock in a transaction on Friday, May 19th. The shares were acquired at an average cost of GBX 7,607 ($99.10) per share, with a total value of £42,142.78 ($54,902.01).
Reckitt Benckiser Group Plc Company Profile
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).
Receive News & Ratings for Reckitt Benckiser Group Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reckitt Benckiser Group Plc and related companies with MarketBeat.com's FREE daily email newsletter.