Reckitt Benckiser Group Plc (RB) Given a GBX 8,900 Price Target at Citigroup Inc.
Reckitt Benckiser Group Plc (LON:RB) received a GBX 8,900 ($117.40) price objective from research analysts at Citigroup Inc. in a research note issued on Thursday. The brokerage presently has a “buy” rating on the stock. Citigroup Inc.’s price target would indicate a potential upside of 20.48% from the company’s current price.
Other equities analysts also recently issued research reports about the company. Numis Securities Ltd reiterated an “add” rating and set a GBX 8,000 ($105.53) price target on shares of Reckitt Benckiser Group Plc in a research note on Monday, April 24th. BNP Paribas set a GBX 8,000 ($105.53) price target on Reckitt Benckiser Group Plc and gave the company a “buy” rating in a research note on Monday, April 24th. Berenberg Bank reiterated a “buy” rating and set a GBX 8,500 ($112.12) price target on shares of Reckitt Benckiser Group Plc in a research note on Tuesday, April 25th. Kepler Capital Markets reiterated a “buy” rating and set a GBX 8,100 ($106.85) price target on shares of Reckitt Benckiser Group Plc in a research note on Friday, April 21st. Finally, Liberum Capital reiterated a “buy” rating and set a GBX 7,650 ($100.91) price target on shares of Reckitt Benckiser Group Plc in a research note on Friday, April 21st. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 8,129.38 ($107.23).
Reckitt Benckiser Group Plc (RB) traded up 0.93% during mid-day trading on Thursday, reaching GBX 7456.00. The company had a trading volume of 1,010,756 shares. The stock has a 50 day moving average price of GBX 7,734.95 and a 200 day moving average price of GBX 7,424.86. Reckitt Benckiser Group Plc has a one year low of GBX 6,496.00 and a one year high of GBX 8,110.43. The company’s market capitalization is GBX 52.45 billion.
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In other Reckitt Benckiser Group Plc news, insider Rakesh Kapoor sold 58,094 shares of the business’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of GBX 7,150 ($94.31), for a total transaction of £4,153,721 ($5,479,120.17). Also, insider Adrian Bellamy bought 554 shares of the stock in a transaction on Friday, May 19th. The shares were acquired at an average cost of GBX 7,607 ($100.34) per share, for a total transaction of £42,142.78 ($55,590.00).
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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